Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Steelcase, Inc shares valued at $58,700 were sold by Krestakos Robert G on Jan 22 ’25. At $11.74 per share, Krestakos Robert G sold 5,000 shares. The insider’s holdings dropped to 114,481 shares worth approximately $1.33 million following the completion of this transaction.
Also, ROBERT KRESTAKOS purchased 5,000 shares, netting a total of over 58,690 in proceeds.
Before that, Krestakos Robert G had sold 4,000 shares from its account. In a trade valued at $52,440, the VP, Chief Operations Officer traded Steelcase, Inc shares for $13.11 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $1.39 million.
As published in their initiating research note from Noble Capital Markets on October 09, 2024, Steelcase, Inc [SCS] has been an Outperform. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late November. As of October 04, 2022, Sidoti has increased its “Neutral” rating to a “Buy” for SCS. Earlier on September 15, 2022, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for SCS stock which previously was a “a Buy”.
Analyzing SCS Stock Performance
During the last five days, there has been a drop of approximately -0.09%. Over the course of the year, Steelcase, Inc shares have dropped approximately -1.86%. Shares of the company reached a 52-week high of $12.02 on 01/02/25 and a 52-week low of $10.90 on 01/13/25. A 50-day SMA is recorded $12.55, while a 200-day SMA reached $12.90. Nevertheless, trading volume fell to 0.64 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Steelcase, Inc (SCS)
According to the 24-hour chart, there is a support level at 11.51, which, if violated, would cause prices to drop to 11.41. In the upper region, resistance lies at 11.66. The next price resistance is at 11.71. RSI (Relative Strength Index) is 43.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 37.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
