SCS

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

GRAND RAPIDS, Mich., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2021 financial results on Friday, December 18, 2020 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 17, 2020, after the market closes.  About Steelcase Inc.  For over 108 years, Steelcase Inc. has helped create great experiences for the world's leading organizations, across industries. We demonstrate this through our family of brands - including Steelcase®, Coalesse®, Designtex®, Turnstone®, Smith System®, Orangebox® and AMQ®. Together, they offer a comprehensive portfolio of architecture, furniture and technology products and services designed to unlock human promise and support social, economic and environmental sustainability. We are globally accessible through a network of channels, including approximately 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal 2020 revenue of $3.7 billion.Investor Contact: Mike O’Meara Investor Relations (616) 246-4251Media Contact: Katie Woodruff Corporate Communications (616) 915-8505

SmarTrend identified a Downtrend for Steelcase Inc-A (NYSE:SCS) on October 14th, 2020 at $11.95. In approximately 4 weeks, Steelcase Inc-A has returned 1.67% as of today's recent price of $12.15.

Gainers: [[ALGS]] +17.2%. [[FLDM]] +11.1%. [[SELB]] +9%. [[SOS]] +5.2%. [[PSNL]] +4%.Losers: [[TCOM]] -8.5%. [[FISV]] -6%. [[SCS]] -5.4%. [[LOOP]] -5.4%. [[AGIO]] -4.4%.

The global market share leader in office furniture is struggling as the majority of office workers are still working from home.The company has historically used authorized local dealers to sell furniture in bulk to office buildings. With employees working from home, that channel is disrupted.To prepare for a lower revenue environment, the company has already taken steps to right-size its business.Given their overvaluation on a comparable basis and unclear outlook, we believe an investment in Steelcase lacks a margin of safety.

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading

Insider buying decreased last week.Notable Insider Buys: Continental Resources, Inc., Douglas Emmett, Inc., PBF Energy Inc., Phillips 66 Partners LP, Steelcase Inc.Notable Insider Sells: salesforce.com, inc., BeiGene, Ltd., Paycom Software, Inc., Morningstar, Inc., RealPage, Inc.

It’s Ford CEO Jim Farley’s first day. He has to lead Ford out of the pandemic, improve margins, and manage an industry-wide transition to electric vehicles.