Steelcase (NYSE:SCS) has been under a strong bear grip, hence the stock is down -14.84% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.04% in the past 1 week. The stock has risen by 1.32% in the past week indicating that the buyers are active at lower levels, but the stock is down -13.46% in the past 4 weeks.
The company shares have dropped -25.94% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $20.37 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $15.01 and the 200 Day Moving Average price is recorded at $14.24.
The stock has recorded a 20-day Moving Average of 4.36% and the 50-Day Moving Average is 7.34%.
Steelcase (NYSE:SCS): stock turned positive on Friday. Though the stock opened at $13.7, the bulls momentum made the stock top out at $13.935 level for the day. The stock recorded a low of $13.63 and closed the trading day at $13.82, in the green by 2.14%. The total traded volume for the day was 644,758. The stock had closed at $13.53 in the previous days trading.
In an insider trading activity,The Officer (Vp, Strategy, Research & Nbi) of STEELCASE INC, Armbruster Sara E sold 14,000 shares at $13.5 on June 29, 2016. The Insider selling transaction had a total value worth of $189,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Steelcase Inc. (Steelcase) provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Companys 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 Companys technology solutions support group collaboration by integrating furniture and technology. Its interior architectural products include full and partial height walls and doors. The Companys family of brands include Steelcase, Coalesse, Details, Designtex, PolyVision and Turnstone. The Companys operational segments include Americas, Europe, the Middle East and Africa (EMEA), Other Category and Corporate.