Steelcase Inc. (NYSE: NYSE:SCS ), a leader in workplace furniture, reported strong second-quarter fiscal 2025 results, showcasing improvements across key financial metrics. Despite this, the stock saw a sharp decline of nearly 8% in premarket trading, signaling potential bearish sentiment on the horizon. Fundamental Overview: Strong Financial...
Potential bottom may emerge at the bottom of this little channel formed. If not a recovery here then recovery at the green horizontal line below. This will be the test if the channel is valid.
Building a large position in $SCS here @$11. Would add on any further breakdown. Top tier company that will benefit from our return to the office.
The Monthly Time Frame at The Around $20 The Market Created In The Past A solid resistance Area It Seems To Be That The MArket Wants To Break That Level Now. The Market On The Monthly Did Not Yet Close Above We Still Have 1 More Day To Go, on The Weekly Though We Can Clearly See That The Market Broke And Close Above, And Is Now Retesting The Previous Highs That...
$SCS made new 52-week highs after posting a strong Q3. Judging from the technical breakout, we believe this rally will continue. Steelcase (SCS +16.9%) Q3 revenue increased 6% Y/Y to $955M, led by strong growth in the Americas on favorable timing of shipments, in part due to the timing of the U.S. Thanksgiving holiday. Operating margin improves ~290bps to 7.9%,...
After a slowdown in sales in 2016 the company's management has put forth an effort to revamp products with changing industry trends. The company, as of late 2016, has presented their plan to revamp existing products and launch new ones. Some in partnership with Microsoft. Even earlier in the year, the company showed progress with sales decline greatly slowing...
SCS is in uptrend, but i'm expecting one more wave down. Only looking for shorting opportunities in this one.