Steelcase, Inc. [SCS] Insider McGrath Nicole Cherie sells 1,792 Shares – Insider Selling Alert

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Steelcase, Inc.’s filing revealed that its VP, Corp Controller and CAO McGrath Nicole Cherie unloaded Company’s shares for reported $24998.0 on Dec 27. In the deal valued at $13.95 per share,1,792 shares were sold. As a result of this transaction, McGrath Nicole Cherie now holds 33,899 shares worth roughly $0.44 million.

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Then, Krestakos Robert G sold 3,800 shares, generating $52,560 in total proceeds. Upon selling the shares at $13.83, the VP, Global Operations now owns 110,489 shares.

Before that, Sylvester David C sold 85,000 shares. Steelcase, Inc. shares valued at $1,179,154 were divested by the SVP, Chief Financial Officer at a price of $13.87 per share. As a result of the transaction, Sylvester David C now holds 570,809 shares, worth roughly $7.39 million.

The Benchmark Company downgraded its Steelcase, Inc. [SCS] rating to a Hold from a a Buy in a research note published recently.

Price Performance Review of SCS

On Friday, Steelcase, Inc. [NYSE:SCS] saw its stock jump 0.62% to $12.94. Over the last five days, the stock has gained 2.54%. Steelcase, Inc. shares have fallen nearly -4.29% since the year began. Nevertheless, the stocks have risen 72.07% over the past one year. While a 52-week high of $14.54 was reached on 01/29/24, a 52-week low of $6.39 was recorded on 01/18/24. SMA at 50 days reached $12.85, while 200 days put it at $9.98. A total of 1.12 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For SCS Stock

The 24-hour chart illustrates a support level at 12.73, which if violated will result in even more drops to 12.52. On the upside, there is a resistance level at 13.14. A further resistance level may holdings at 13.34. The Relative Strength Index (RSI) on the 14-day chart is 53.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.00%. Stochastics %K at 43.94% indicates the stock is a holding.

How much short interest is there in Steelcase, Inc.?

A steep rise in short interest was recorded in Steelcase, Inc. stocks on Jan 31, 2024, growing by 0.27 million shares to a total of 3.46 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.19 million shares. There was a rise of 7.8%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.25% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.39.

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