What Did This CEO Just Do with Personal Shares of Steelcase (NYSE: SCS)?

By George MacDonald

Today, the President & CEO of Steelcase (NYSE: SCS), James Keane, sold shares of SCS for $951.5k.

In addition to James Keane, 7 other SCS executives reported Sell trades in the last month. Following James Keane’s last SCS Sell transaction on April 16, 2015, the stock climbed by 0.6%.

Based on Steelcase`s latest earnings report from August 31, the company posted quarterly revenue of $819M and quarterly net profit of $37.2M. In comparison, last year the company earned revenue of $786.7M and had a net profit of $30.5M. The company has a one year high of $20.08 and a one year low of $14.78. SCS’s market cap is $2.27B and the company has a P/E ratio of 25.9%.

Looking at blogger coverage of SCS, there is a 100% Bullish tendency on the stock, in relation to a 71% average bullish tendency within the Consumer Goods sector.

Over the last 3 months, the insider sentiment on Steelcase has been neutral based on 81 corporate insider transactions. This sentiment is higher than the average sector sentiment of insiders.

Steelcase Inc is engaged in in furnishing the work experience in business, education and healthcare environments. Its brands includeSteelcase, Coalesse, Details, Designtex, PolyVision and Turnstone.