The VP, Global Marketing of Steelcase (NYSE: SCS) is Selling Shares

By Carrie Williams

Today, the VP, Global Marketing of Steelcase (NYSE: SCS), Allan Smith, sold shares of SCS for $98.84K.

In addition to Allan Smith, 7 other SCS executives reported Sell trades in the last month. Following Allan Smith’s last SCS Sell transaction on April 14, 2016, the stock climbed by 2.9%.

The company has a one year high of $18.10 and a one year low of $11.67. SCS’s market cap is $2.08B and the company has a P/E ratio of 12.38. Currently, Steelcase has an average volume of 64.67K.

The insider sentiment on Steelcase has been neutral according to 69 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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. This portfolio of integrated architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers through the Steelcase, Coalesse and Turnstone brands. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands, with an emphasis on freestanding furniture systems, storage and seating solutions. The Other segment includes Asia Pacific, Designtex and PolyVision. The company was founded by Peter Martin Wege, Sr., Walter D. Idema and David Hunting, Sr. on March 14, 1912 and is headquartered in Grand Rapids, MI.