Alert: Major Price Advance (12/20/23)-Steelcase Inc. (NYSE: SCS).


Steelcase Inc. (NYSE: SCS) stock closed at $14.09 on 12/20/23 after a major increase of 10.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 497% of normal. The stock has risen 13.4% during the last week and has been exceptionally strong relative to the market over the last nine months.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, SCS is expected to continue to be an important Value Builder.

Steelcase has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Steelcase has a slightly negative Appreciation Score of 34 but a very high Power Rating of 96, resulting in the Positive Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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