Steelcase, Inc.’s filing revealed that its SVP, Chief Financial Officer Sylvester David C unloaded Company’s shares for reported $1.01 million on Jul 24 ’24. In the deal valued at $13.84 per share,73,184 shares were sold. As a result of this transaction, Sylvester David C now holds 551,592 shares worth roughly $7.15 million.
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Then, Sylvester David C sold 1,816 shares, generating $24,988 in total proceeds. Upon selling the shares at $13.76, the SVP, Chief Financial Officer now owns 549,776 shares.
Before that, McGrath Nicole Cherie sold 15,749 shares. Steelcase, Inc. shares valued at $219,528 were divested by the VP, Corp Controller and CAO at a price of $13.94 per share. As a result of the transaction, McGrath Nicole Cherie now holds 18,453 shares, worth roughly $0.24 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 Friday, Steelcase, Inc. [NYSE:SCS] saw its stock jump 2.77% to $12.97. Over the last five days, the stock has lost -2.11%. Steelcase, Inc. shares have fallen nearly -4.07% since the year began. Nevertheless, the stocks have risen 17.80% over the past one year. While a 52-week high of $14.74 was reached on 07/31/24, a 52-week low of $10.29 was recorded on 03/21/24. SMA at 50 days reached $13.38, while 200 days put it at $13.02.
Levels Of Support And Resistance For SCS Stock
The 24-hour chart illustrates a support level at 12.76, which if violated will result in even more drops to 12.55. On the upside, there is a resistance level at 13.08. A further resistance level may holdings at 13.19. The Relative Strength Index (RSI) on the 14-day chart is 45.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.83%. Stochastics %K at 25.63% 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 2024-09-13, growing by 48225.0 shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.53 million shares. There was a rise of 1.87%, which implies that there is a positive sentiment for the stock.
