In a filing, Steelcase, Inc revealed its VP, Chief Operations Officer Krestakos Robert G unloaded Company’s shares for reported $52440.0 on Oct 15 ’24. In the deal valued at $13.11 per share,4,000 shares were sold. As a result of this transaction, Krestakos Robert G now holds 119,481 shares worth roughly $1.45 million.
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Then, ROBERT KRESTAKOS bought 4,000 shares, generating $52,445 in total proceeds.
Before that, Sylvester David C sold 73,184 shares. Steelcase, Inc shares valued at $1,012,603 were divested by the SVP, Chief Financial Officer at a price of $13.84 per share. As a result of the transaction, Sylvester David C now holds 551,592 shares, worth roughly $6.7 million.
Noble Capital Markets initiated its Steelcase, Inc [SCS] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Hold”. Sidoti also remained covering SCS and has increased its forecast on October 04, 2022 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on September 15, 2022. It rated SCS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SCS
On Friday, Steelcase, Inc [NYSE:SCS] saw its stock jump 0.91% to $12.14. Over the last five days, the stock has lost -2.96%. Steelcase, Inc shares have fallen nearly -10.21% since the year began. Nevertheless, the stocks have risen 9.17% over the past one year. While a 52-week high of $14.74 was reached on 07/31/24, a 52-week low of $10.72 was recorded on 03/21/24. SMA at 50 days reached $13.16, while 200 days put it at $12.98.
Levels Of Support And Resistance For SCS Stock
The 24-hour chart illustrates a support level at 12.05, which if violated will result in even more drops to 11.96. On the upside, there is a resistance level at 12.26. A further resistance level may holdings at 12.38. The Relative Strength Index (RSI) on the 14-day chart is 37.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.16%. Stochastics %K at 8.59% indicates the stock is a buying.
How much short interest is there in Steelcase, Inc?
A steep rise in short interest was recorded in Steelcase, Inc stocks on 2024-10-15, dropping by -0.6 million shares to a total of 1.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.57 million shares. There was a decline of -30.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 11, 2021 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $17 price target.
