Steelcase Inc (SCS) Files Form 4 Insider Selling : Sara E Armbruster Sells 14,000 Shares

Steelcase Inc (SCS): Sara E Armbruster , VP, Strategy, Research & NBI of Steelcase Inc sold 14,000 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $13.50 per share for a total value of $189,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 29, 2016, Sara E Armbruster (VP, Strategy, Research & NBI) sold 10,000 shares at $14.76 per share price.On Nov 3, 2015, Eddy F Schmitt (Senior VP, Americas) sold 10,745 shares at $19.61 per share price.Also, On Oct 19, 2015, Lizbeth S O’shaughnessy (SVP, CAO, GC and Secretary) sold 40,000 shares at $19.67 per share price.On Oct 13, 2015, David C Sylvester (Senior Vice President, CFO) sold 15,700 shares at $19.69 per share price.

Shares of Steelcase (SCS) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.85 points or -6.05% at $13.21 with 21,66,514 shares getting traded. Post opening the session at $13.75, the shares hit an intraday low of $13.06 and an intraday high of $13.75 and the price vacillated in this range throughout the day. The company has a market cap of $1,574 M and the number of outstanding shares has been calculated to be 11,91,89,653 shares. The 52-week high of Steelcase is $20.37 and the 52-week low is $11.67.

Steelcase Money Flow Index Chart

Steelcase Inc. (Steelcase) provides an integrated portfolio of furniture settings user-centered technologies and interior architectural products. The Company’s furniture portfolio includes panel-based and freestanding furniture systems and complementary products such as storage tables and ergonomic worktools. Its seating products include task chairs which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets such as healthcare and education. The Company’s technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. The Company’s family of brands include Steelcase Coalesse Details Designtex PolyVision and Turnstone. The Company’s operational segments include Americas Europe the Middle East and Africa (EMEA) Other Category and Corporate.

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