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Why Signet Jewelers Stock Triumphed on Tuesday

The Motley Fool·
Why Signet Jewelers Stock Triumphed on Tuesday

Signet Jewelers stock rose 2.59% after announcing a $50 million accelerated share repurchase (ASR) program with Goldman Sachs. The program will deliver approximately 480,000 shares and should be completed between June 12 and July 17. Signet has over $355 million remaining in buyback authorizations and maintains over $600 million in cash.

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