Steelcase, Inc.’s recent filing unveils that its VP, Chief Operations Officer Krestakos Robert G unloaded Company’s shares for reported $50453.0 on Mar 25 ’24. In the deal valued at $12.61 per share,4,000 shares were sold. As a result of this transaction, Krestakos Robert G now holds 108,081 shares worth roughly $1.37 million.
Then, McGrath Nicole Cherie sold 1,792 shares, generating $24,998 in total proceeds. Upon selling the shares at $13.95, the VP, Corp Controller and CAO now owns 33,899 shares.
Before that, Krestakos Robert G sold 3,800 shares. Steelcase, Inc. shares valued at $52,560 were divested by the VP, Global Operations at a price of $13.83 per share. As a result of the transaction, Krestakos Robert G now holds 110,489 shares, worth roughly $1.41 million.
The Benchmark Company downgraded its Steelcase, Inc. [SCS] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. Sidoti also remained covering SCS and has decreased its forecast on September 15, 2022 with a “Neutral” recommendation from previously “Buy” rating. Berenberg started covering the stock on May 11, 2021. It rated SCS as “a Buy”.
Price Performance Review of SCS
On Tuesday, Steelcase, Inc. [NYSE:SCS] saw its stock fall -1.70% to $12.72. Over the last five days, the stock has lost -2.30%. Steelcase, Inc. shares have fallen nearly -5.92% since the year began. Nevertheless, the stocks have risen 59.40% over the past one year. While a 52-week high of $14.54 was reached on 02/29/24, a 52-week low of $6.39 was recorded on 03/21/24. SMA at 50 days reached $12.88, while 200 days put it at $11.09. A total of 0.89 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For SCS Stock
The 24-hour chart illustrates a support level at 12.62, which if violated will result in even more drops to 12.52. On the upside, there is a resistance level at 12.92. A further resistance level may holdings at 13.11. The Relative Strength Index (RSI) on the 14-day chart is 46.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.22%. Stochastics %K at 75.00% 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 Mar 28, 2024, dropping by -0.63 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 3.16 million shares. There was a decline of -24.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.69.
