A Director at Steelcase Inc (NYSE: SCS) is Selling Shares

By Carrie Williams

Today, a Director at Steelcase Inc (NYSE: SCS), Peter M. Wege, sold shares of SCS for $94.15K.

Based on Steelcase Inc’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $773 million and quarterly net profit of $0. In comparison, last year the company earned revenue of $769 million and had a net profit of $25.3 million. The company has a one-year high of $18.15 and a one-year low of $12.50. SCS’s market cap is $1.58B and the company has a P/E ratio of 20.00.

The insider sentiment on Steelcase Inc has been negative according to 82 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Peter M. Wege’s trades have generated a -13.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Steelcase, Inc. offers furnishing solutions that addresses the three core elements of an office environment: interior architecture, furniture and technology. It operates through following segments: Americas, EMEA, and Others. The Americas segment serves customers in the United States (U.S.), Canada, the Caribbean Islands, and Latin America.