$SCS

Steelcase, Inc.

  • NEW YORK STOCK EXCHANGE INC.
  • Producer Manufacturing
  • Office Equipment/Supplies
  • Manufacturing
  • Office Furniture (except Wood) Manufacturing

PRICE

$12.34 -

Extented Hours

VOLUME

608,598

DAY RANGE

12.23 - 12.38

52 WEEK

10.4 - 15.12

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Thursday, September 23, 2021 Futures Up/Down % Last Dow 162.00 0.47% 34,291 S&P 500 23.25 0.53% 4,407 Nasdaq 83.50 0.55% 15,247 U.S. stocks are looking at another move higher following strong gains on Wednesday despite the FOMC taking a more “hawkish” stance on both rates and the timeline on asset purchase tapering during yesterday’s meeting. Stocks jumped on Wednesday after the Federal Reserve cleared the way to ease monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected. Stocks pared gains late as Fed Chair Jerome Powell spoke at his press conference but still closed up solidly. Fed officials indicated that they see interest rates seen rising to 1% in 2023, faster than projected by the Fed in its projections in June, and then to 1.8% in 2024. Nine of eleven major S&P 500 sectors ended the day higher. However, of note, all 11 groups retreated from the moments before Powell’s press conference began, into the close. The Dow Transport index slid to 6-month lows following weakness from Fed-Ex (FDX) earnings results and guidance the night prior. In Asian markets, The Nikkei Index was closed, the Shanghai Index rose 13 points to 3,642 and the Hang Seng Index gained 289 points to 24,510. In Europe, the German DAX is up over 130 points (0.89%) to 15,645, while the FTSE 100 rises about 20-points to move above 7,100. Oil prices are slipping but still holds near two-month high with global stockpiles tightening. In China news, the WSJ reported China is preparing for the “demise” of Evergrande, signaling Beijing’s reluctance to get involved and bail out the company. Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 320K 8:30 AM EST Continuing Claims…est. 2.65M 9:45 AM ET Markit Manufacturing PMI, Sept-F…est. 61.5 9:45 AM ET Markit Services PMI, Sept-F…est. 55.0 9:45 AM ET Markit Composite PMI-Sept-F 10:00 AM ET Leading Index MoM for Aug…est. +0.7% 10:30 AM ET Weekly EIA Natural Gas Inventory Data 11:00 AM ET Kansas City Fed Manufacturing for Sept…prior 22 Earnings Calendar: Earnings Before the Open: DRI, DYNT, IWSY, RAD Earnings After the Close: AEHR, AGTC, AIR, CAMP, $COST, MTN, $NKE, PRGS, $RSSS Other Key Events: Credit Suisse 7th Annual Oil & Gas Non-Bus Tour (virtual), 9/21-9/23 DA Davidson Diversified Industrials & Services Conference (virtual), 9/22-9/23 Goldman Sachs 30th Annual Communacopia Conference (virtual), 9/21-9/23 JPMorgan 12th Annual U.S. All Stars Conference (virtual), 9/21-9/23 Oppenheimer Fall Healthcare Life Sciences & MedTech Summit (virtual), 9/20-9/23 Roth Capital 8th Annual Solar Symposium (virtual), 9/20-9/23 Sidoti Fall Small Cap Conference (virtual), 9/22-9/23 Wells Fargo 4th Annual Consumer Conference (virtual), 9/22-9/23 Market Closing Prices Yesterday The S&P 500 Index gained 41.45 points, or 0.95%, to 4,395.64 The Dow Jones Industrial Average rose 338.48 points, or 1.00%, to 34,258.32 The Nasdaq Composite jumped 150.45 points, or 1.02%, to 14896.85 The Russell 2000 Index advanced 32.38 points, or 1.48% to 2,218.56 Macro Up/Down Last Nymex -0.32 71.91 Brent -0.27 75.92 Gold 3.80 1,772.00 EUR/USD 0.0028 1.1715 JPY/USD 0.11 109.89 10-Year Note +0.003 1.335% World News China is preparing for the “demise” of Evergrande, signaling Beijing’s reluctance to get involved and bail out the company (the gov’t will only step in should the company’s failure turn disorderly) – WSJ https://on.wsj.com/3i2x8WH Sector News Breakdown Consumer Steelcase ($SCS) 2Q EPS $0.21 vs est. $0.23 on revs $724.8Mm vs est. $761.3Mm; guides 3Q revs $755-785Mm vs est. $713Mm, sees 3Q EPS $0.07-0.11 vs est. $0.09 Funko ($FNKO) entered into a new credit agreement for a term loan facility of $180M and a revolving credit facility of $100M that mature September 17, 2026 Brilliant Earth ($BRLT)33M share IPO priced at $12.00 Hyatt ($H) 7M share Secondary priced at $74.50 Sovos Brands ($SOVO)3M share IPO priced at $12.00 Energy, Industrials & Materials HB Fuller (FUL) 3Q adj EPS $0.79 vs est. $0.79 on revs $827Mm vs est. $797.6Mm; guides FY revs +17-18% vs est. +14.4%, sees FY adj EBITDA abut $460-470Mm vs est. $463Mm KB Homes (KBH) 3Q EPS $1.60 vs est. $1.62 on revs $1.47B vs est. $1.57B; qtrly homes delivered +35% to $3,425, ending backlog value +89% to $4.84B; inventory +19% to $4.66B as of Aug. 31; repurchased 4.7Mm shares for $188.2Mm Northrop Grumman ($NOC) upgraded to Neutral from Sell at Goldman Sachs with a $350 price target and General Dynamics (GD) also upgraded to Neutral from Sell at Goldman Sachs with a $176 price target in the defense sector; L3Harris Technologies (LHX) downgraded to Sell from Neutral at Goldman Sachs with a $207 price target, Lockheed Martin (LMT) downgraded to Neutral from Buy with $402 tgt and Woodward ($WWD) downgraded to Sell from Neutral with $102 tgt Loop Capital started Regal Beloit Corp (RBC) with a Buy rating and $180 price target and Timken (TKR) with a Hold rating and $72 price target Grinrod Shipping ($GRIN)842M share Spot Secondary priced at $13.50 Syncrude Canada, majority-owned by Suncor Energy ($SU), cut September supplies due to a mechanical disruption at its Alberta oil sands site, Bloomberg reported Financials Chinese Estates (Holdings) Ltd. is planning to sell all of its shares in China Evergrande Group, as the property investment company is worried about the recent stock-price volatility and financial condition of debt-laden Evergrande. Chinese Estates, which currently holds 751.09 million shares or a 5.66% stake in Evergrande, expects to record a realized loss on the stake of about 1.38 billion Hong Kong dollars ($177.2 million) for the year ending December Remitly Global (RELY)16M share IPO priced at $43.00 The9 ($NCTY), Polygon, an Ethereum scaling platform, and Protocol Labs, a major contributor of open-source projects are forming an ecosystem collaboration on NCTY’s Non-Fungible Token (NFT) platform NFTSTAR and GameFi Play-to-Earn projects Safehold (S$AFE)2M share Secondary priced at $76.00 Willis Towers Watson ($WLTW) raises share buyback program by $4B Raymond James Financials ($RJF) posts Private Client Group assets in fee-based accounts of $643.5B grew 33% Y/Y, thanks to the net addition of financial advisers; record client assets under administration of $1.21T rose from $945.2B in the year ago period and $1.18T in the prior month. Healthcare The FDA has granted Emergency Use Authorization for a booster dose of Pfizer ($PFE)/BioNTech’s ($BNTX) COVID-19 vaccine for those 65 and older, those who work in healthcare settings, and adults at high risk of severe COVID-19. The authorization includes people whose “frequent institutional or occupational exposure to SARS-CoV-2 puts them at high risk of serious complications of COVID-19.” Sterling Check (STER)285M share IPO priced at $23.00 Eargo, Inc. (EAR) shares fell -50% on reports it is the target of a criminal investigation by U.S. DOJ related to insurance reimbursement claims submitted on behalf of customers covered by federal employee health plans; the co is withdrawing its financial guidance for fiscal year ending December 31, 2021 Spectrum Pharma (SPPI) Journal of Clinical Oncology Abstract listing for co.’s ‘poziotinib for patients with HER2 exon 20 mutant non–small-cell lung cancer Cigna Corp (CI) named Eric Palmer as president and chief executive officer of Evernorth, its health services unit that mainly houses its pharmacy benefit management business; also announced several other leadership changes Medirom Healthcare (MRM) rises 39%; after saying that it will buy Japanese private hair salon operator Zacc Kabushiki Kaisha in an all-cash deal of 370.0 mln yen ($3.36M) Thorne HealthTech (THRN) 7M share IPO priced at $10.00 Stifel initiated Buy ratings on Mirati Therapeutics (MRTX) with a $202 price target, Kinnate Biopharma (KNTE) with a $32 price target, and Repare Therapeutics (RPTX) with a $48 price target; Hold ratings on Ideaya Biosciences (IDYA) and Revolution Medicines (RVMD) Needham started SAGE Therapeutics (SAGE) at a Buy and added it to its Conviction List; also initiated Buy ratings on Intra-Cellular Therapeutics (ITCI), Avadel Pharmaceuticals (AVDL), Jazz Pharmaceuticals ($JAZZ), Biogen ($BIIB), Harmony Biosciences ($HRMY), and Hold ratings on Neurocrine Biosciences ($NBIX) and ACADIA Pharmaceuticals (ACAD) Technology, Media & Telecom Blackberry ($BB) shares rose 8% after earnings; Q2 EPS ($0.06) vs est. ($0.07) on revenue $175M vs est. $163.5M Facebook ($FB) chief technology officer Mike Schroepfer said in a Facebook post: “After 13 amazing years at Facebook, I have made the decision to step down as Chief Technology Officer and transition to a new part time role as Facebook’s first Senior Fellow at the company sometime in 2022 EngageSmart ($ESMT)55M share IPO priced at $26.00 Roku ($ROKU) upgraded to Buy from Neutral at Guggenheim

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Top Earnings Wed 9/22 Aft: $BB $FUL $KBH $SCS . Top Earnings Th 9/23 Pre: $ACN $DRI $DYNT $RAD

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Wednesday, September 22, 2021 Futures Up/Down % Last Dow 220.00 0.65% 34,018 S&P 500 26.25 0.61% 4,369 Nasdaq 57.50 0.38% 15,081 Stocks looking to bounce, with U.S. futures sharply higher after last night as reports indicated that troubled Chinese property developer Evergrande’s main unit Hengda Real Estate Group co says will make coupon payment for onshore bond due Sept. 23rd. That buys Evergrande some time, although debt restructuring is still likely. Also, the House passed a bill Tuesday that would temporarily fund the government and suspend the debt limit. The legislation could fail in the Senate, as Minority Leader Mitch McConnell says Republicans will vote against raising the debt ceiling. The government would shut down on Oct. 1 and the U.S. would be unable to pay its bills sometime in October if Congress does not pass legislation addressing both issues. Bond markets unphased by the news with the 10-year stuck around 1.33%. Meanwhile, the FOMC began its 2-day meeting yesterday and announces its policy decision and releases its economic projections today at 14 2:00 PM ET and Chairman Powell follows with the press conference at 2:30 ET. In corporate news, shares of transportation giant Fed-Ex (FDX) slides over 5% after cutting its profit outlook on higher costs and stalled growth in shipments, while Adobe ($ADBE) slips after 3Q update disappointed the high expectations of investors. In Asian markets, The Nikkei Index reopened, falling -200 points to 29,639, the Shanghai Index rises 14 points to 3,629 and the Hang Seng Index gains 122 points to 24,221. In Europe, the German DAX is up 110 points to 15,450, while the FTSE 100 rises over 80 points to 7,070. Bitcoin prices recover, above $42,000 after briefly dropping below $40K last night. Markets have been put on edge this week by trouble in the Chinese property market, especially the precarious situation of its largest builder of homes, Evergrande. The company is a massive issuer of debt both inside China and offshore to international investors. Market Closing Prices Yesterday The S&P 500 Index slipped -3.58 points, or 0.08%, to 4,354.15 The Dow Jones Industrial Average lost -47.93 points, or 0.14%, to 33,922.54 The Nasdaq Composite gained 32.49 points, or 0.22%, to 14,746.40 The Russell 2000 Index advanced 3.98 points, or 0.18% to 2,186.18 Economic Calendar: 7:00 AM ET MBA Mortgage Applications Data 10:00 AM ET Existing Home Sales MoM for August 10:30 AM ET Weekly DOE Inventory Data 2:00 PM ET FOMC Rate Decision (no change to rate or asset taper expected) Earnings Calendar: Earnings Before the Open: $GIS Earnings After the Close: $FUL, $KBH, $SCS Other Key Events: Credit Suisse 2021 Consumer Retail Conference (virtual), 9/21-9/22 Credit Suisse 7th Annual Oil & Gas Non-Bus Tour (virtual), 9/21-9/23 DA Davidson Diversified Industrials & Services Conference (virtual), 9/22-9/23 Goldman Sachs 30th Annual Communacopia Conference (virtual), 9/21-9/23 JPMorgan 12th Annual U.S. All Stars Conference (virtual), 9/21-9/23 Oppenheimer Fall Healthcare Life Sciences & MedTech Summit (virtual), 9/20-9/23 Roth Capital 8th Annual Solar Symposium (virtual), 9/20-9/23 Sidoti Fall Small Cap Conference (virtual), 9/22-9/23 Stephen’s 11th Annual Bank Forum, in Little Rock, AR, 9/20-9/22 Wells Fargo 4th Annual Consumer Conference (virtual), 9/22-9/23 Macro Up/Down Last Nymex 1.18 71.67 Brent 1.09 75.45 Gold -3.20 1,775.00 EUR/USD 0.0005 1.1728 JPY/USD 0.32 109.53 10-Year Note +0.009 1.333% Sector News Breakdown Consumer StitchFix ($SFIX) 4Q EPS $0.19 vs est. ($0.13) on revs $571.2Mm vs est. $547.9Mm, qtrly active clients 4.2Mm +18%; guides 1Q net revs $560-575Mm vs est. $588Mm; sees FY22 net revs at least +15% yr/yr vs est. +18% Freshworks ($FRSH)5M share IPO priced at $36.00 Hyatt Hotels ($H) announced a public offering of 7M shares of common stock Shares in Entain ($GMVHY) rise after the owner of bookmakers Bwin, Coral and Ladbrokes said it was considering an improved 2800p takeover bid from U.S. rival DraftKings, having rejected an earlier 2500p offer from the latter. Energy, Industrials & Materials FedEx ($FDX) 1Q adj EPS $4.37 vs est. $4.91 on revs $22B vs est. $21.9B, adj op margin 6.8% vs est. 8.5%; guides FY adj EPS $19.75-21.00 vs est. $$21.10; sees CAPEX $7.2B The American Petroleum Institute ($API) showed a draw of 6.11M barrels of oil for the week ending September 17; showed a draw of 432K barrels, distillate inventories show a draw of 2.72M barrels and Cushing inventories show a draw of 1.75M barrels k.a. Brands Holding ($AKA) 10M share IPO priced at $11.00 Core & Main ($CNM) announced its addition to the Russell 1000 index BHP’s Cerro Colorado copper mine in Chile is granted another 90 days to obtain environmental approval for its operational continuity plan, the country’s First Environmental Court says, agreeing to suspend a ban on pumping water from an aquifer during the period Financials LPL Financial ($LPLA) reported total advisory and brokerage assets at end of Aug about $1.16 trillion, up 2.4% vs end of July 2021 Armada Hoffler Properties ($AHH) was started at a Buy with a $15 price target at Stifel who says it is attractively priced when accounting for its moderate growth and average leverage JPMorgan Chase (JPM) raised its quarterly dividend to $1.00 from $0.90, payable October 31 to shareholders of record on October 6 Coinbase ($COIN) intends to publicly roll out a proposal for a regulatory framework to federal officials in the coming days, CoinDesk reported last night. The report follows news from last week when Coinbase said it was cancelling plans for its “Lend” platform after the Securities and Exchange Commission threatened to sue the company over the product VersaBank ($VBNK)5M share IPO priced at $10.00 Healthcare The U.S. House of Representatives approved a bill enabling banks to do business with cannabis companies without fear of penalty, Bloomberg reports. The so-called SAFE Banking Act would be a boon for marijuana companies (watch shares of $TLRY, $CGC, $GTBIF, $CURLF, $TCNNF) Biogen ($BIIB) launch of Aduhelm having slower than projected sales has led the company to consider cost-cutting measures including layoffs, stat news reports, citing an unidentified person familiar with the matter. Just over 100 patients infused w/ Aduhelm as of sept. 11: STAT News bluebird bio ($BLUE) submitted a Biologics License Application (BLA) to the FDA for betibeglogene autotemcel (beti-cel) gene therapy for patients with β-thalassemia who require regular red blood cell transfusions Incyte ($INCY) said the FDA approved its co’s Opzelura cream for treating eczema with boxed warnings, flagging risks of serious infections, increased risk of heart attack, stroke, or cardiac death. The drug belongs to a class of treatments known as JAK inhibitors, which have been under the FDA’s scrutiny over safety risks Amwell ($AMWL) announced the appointment of Robert Shepardson to the position of CFO and Head of M&A. Shepardson will join the company as CFO on October 31st and will work together during a transition period through the end of 2021 with current CFO Keith W. Anderson Johnson & Johnson ($JNJ) said that a large, global study showed its Covid-19 vaccine is more effective when given as a two-dose regimen, and that other data indicate the efficacy of the vaccine does not wane. – STAT News Rhythm Pharmaceuticals ($RYTM) said that Britain’s Medicines & Healthcare Products Regulatory Agency has granted marketing authorization to Imcivree (setmelanotide) for the treatment of obesity and the control of hunger associated with genetically confirmed loss-of-function biallelic pro-opiomelanocortin (POMC) Technology, Media & Telecom Adobe ($ADBE) 3Q adj EPS $3.11 vs est. $3.01 on revs $3.94B vs est. $3.89B, qtrly digital media annualized recurring revs $11.67B; guides 4Q adj EPS $3.18 vs est. $3.08 Coherent ($COHR) was downgraded to Neutral with a $273 price target from Positive at Susquehanna J2 Global board ($JCOM) announced that its board approved its previously announced separation into two independent publicly traded companies – J2 Global, Inc., which will be known as Ziff Davis, Inc. after the separation Liberty Global ($LBTYA) is selling its Poland operations to iliad S.A.’s Polish mobile subsidiary Play for PLN7B ($1.8B) subject to customary debt and working capital adjustments. Marin Software ($MRIN) said it entered into a Revenue Share Agreement with Google LLC ($GOOGL) for the Company to develop its enterprise tech platform and software products. The Agreement is effective as of October 1, 2021. Toast ($TOST)74M share IPO priced at $40.00 Warner Music Group ($WMG) announced a sale of 2.34M shares of common stock by affiliates of access industries and the company will not receive any proceeds from the offering Ambarella ($AMBA) upgraded to Overweight from Sector Weight at KeyBanc

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@dros #droscrew
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i like scs long term 

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@bunnytoad69 #droscrew
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i picked up 100 shares of $SCS seems like a good one to own (used to install their whiteboards when i worked at a school district)

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@dros #droscrew
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lmao nice SCS

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@bunnytoad69 #droscrew
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$SCS up to $15.43, nice

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@HeyShoe #droscrew
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dros hit the SCS ask

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@HeyShoe #droscrew
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$SCS green bar

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@dros #droscrew
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nice that SCS

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@HeyShoe #droscrew
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just grabbed 500 shares of $SCS before ER

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Wednesday, June 23, 2021 Futures Up/Down % Last Dow 50.00 0.15% 33,885 S&P 500 2.50 0.06% 4,239 Nasdaq 14.75 0.10% 14,273 Markets are looking modestly higher in the U.S., tracking gains in Europe and Asia as investors appear at ease over the inflation picture after Federal Reserve Chairman Powell reiterated yesterday in testimony to Congress that a spike in inflation likely was temporary, easing worries that the central bank could pull back on economic support. Stocks closed higher on Tuesday as the Nasdaq posted a record closing high, boosted by shares of large cap tech as Amazon, Microsoft, and Apple paced the gains in a further rotation into growth stocks. Amazon produced over $5.6 billion in total online sales in the United States on the first day of its Prime promotional event, according to Adobe Digital Economy Index. Helping boost markets further, Federal Reserve Chair Jerome Powell reaffirmed the U.S. central bank’s view during his testimony to Congress on the U.S. economy to not to raise interest rates too quickly based on the fear of coming inflation. Most of the 11 major S&P sector indexes rose, with consumer discretionary and energy among the biggest gainers, erasing most of last week’s market declines. In Asian markets, The Nikkei Index slipped -9 points to 28,874, the Shanghai Index rose 8 points to 3,566, and the Hang Seng Index jumped 507 points to 28,817. In Europe, the German DAX is down -75 points to 15,560, while the FTSE 100 is up 20 points to 7,110. Oil rises back above $75 as API weekly data shows stockpiles drop/shows tight market; Bitcoin rebounds 7% to $34,000, a more than $5,000 move off yesterday lows, having plunged more than 50% from its all-time highs above $65,000 in mid-April; Treasury yields remains little changed/tight range as 10-year at 1.475%. Market Closing Prices Yesterday The S&P 500 Index gained 21.65 points, or 0.51%, to 4,246.44 The Dow Jones Industrial Average rose 68.61 points, or 0.20%, to 33,945.58 The Nasdaq Composite jumped 111.79 points, or 0.79%, to 14,253.27 The Russell 2000 Index advanced 111.79 points, or 0.43% to 2,295.95 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 9:45 AM ET Markit Composite flash PMI, June 9:45 AM ET Markit Manufacturing Services PMI, June…est. 61.5 10:00 AM ET New Home Sales MoM for May…est. 870K 10:30 AM ET Weekly DOE Inventory Data Earnings Calendar: Earnings Before the Open: $PDCO, $WGO Earnings After the Close: $CNXC, $FUL, $KBH, $SCS Other Key Events: BMO Capital 2021 Chemical & Packaging Conference (virtual), 6/23 Goldman Sachs 17th Business Services, Transport & Leisure Conference (virtual), 6/21-6/23 Raymond James Human Health Innovation Conference (virtual), 6/21-6/23 Roth London Conference (virtual), 6/21-6/23 Jefferies Consumer Conference (virtual), 6/22-6/23 JPMorgan 2021 Energy, Power & Renewables Conference (virtual), 6/22-6/23 JPMorgan Payment & FinTech Forum (virtual), 6/23-6/24 Sidoti Investor Conference (virtual), 6/23-6/24 Macro Up/Down Last Nymex 0.45 73.30 Brent 0.55 75.36 Gold 4.30 1,783.005 EUR/USD 0.0006 1.1946 JPY/USD 0.34 110.99 10-Year Note +0.003 1.475% Sector News Breakdown Consumer Xpeng ($XPEV) shares rise upon on receiving approval to list on Hong Kong stock exchange; the company could raise as much as $2B in Hong Kong as soon as this year Energy, Industrials and Materials The American Petroleum Institute ($API) showed a draw of 7.2M barrels of oil in the latest week, gasoline inventories show a build of 959K barrels, distillate inventories show a build of 992K barrels and Cushing inventories show a draw of 2.55M barrels. Clean Energy Fuels ($CLNE) said it contributed $50M to its 50-50 joint venture with BP Plc ($BP) and forced the conversion of BP’s Class B units into Class A units. Parker-Hannifin (PH) upgraded to Overweight from Sector Weight at KeyBanc United Rentals ($URI) upgraded to Buy from Neutral at Citi Financials IHS Markit ($INFO) Q2 adj EPS 81c vs. est. 80c; Q2 revs $1.18B vs. est. $1.13B; raises FY21 adjusted EPS view to $3.15-$3.17 from $3.11-$3.16 (est. $3.16), ups FY21 revenue view to $4.635B-$4.675B from $4.535B-$4.635B (est. $4.6B) and boosts FY21 adj EBITDA view to $2.02B-$2.03B from $2B-$2.03B Global Self Storage ($SELF)12M share Spot Secondary priced at $5.35 Intercontinental Exchange ($ICE) upgraded to Conviction Buy from Buy at Goldman Sachs LPL Financial ($LPLA) downgraded to Buy from Conviction Buy at Goldman Sachs Healthcare BioXcel Therapeutics Inc ($BTAI) launches $100M stock offering with $15M overallotment option on behalf of related stockholder Enanta Pharmaceuticals ($ENTA) says announced positive data from the first two dose cohorts of its Phase 1b study of EDP-514 in viremic chronic HBV patients who were not being treated with a nucleoside reverse transcriptase inhibitor Gemini Therapeutics ($GMTX) announces initial data from its ongoing phase 2a study of gem103 in patients with geographic atrophy secondary to dry age-related macular degeneration GlaxoSmithKline PLC ($GSK) said that it expects growth in sales and adjusted operating profit over the next five years to be underpinned by new vaccines and specialty medicines, as it set targets for the medium and l-t following planned 2022 demerger of its consumer healthcare business. Hologic ($HOLX) has received CE mark for its new Aptima CMV Quant assay in Europe, the company announced United Therapeutics Corp. ($UTHR) and Medtronic Inc. ($MDT) have agreed to stop further efforts to develop and commercialize the implantable system for Remodulin, or ISR; the companies plan to wind down the development program and to support patients already enrolled in clinical studies of the ISR at United Therapeutics’ sole expense Second Sight ($EYES) 10M share Spot Secondary priced at $5.00 Teva Pharmaceuticals ($TEVA) announced its U.S. launch of the first generic version of twice daily PERFOROMIST, formoterol fumarate inhalation solution, 20 mcg/2 ML, indicated to treat bronchoconstriction in patients with chronic obstructive pulmonary disease, including chronic bronchitis and emphysema Technology, Media & Telecom Intel Corp. ($INTC) said it would create two new business units that would focus separately on software and high-performance computing and graphics; also said current executives Sandra Rivera and Raja Koduri will take on new senior leadership roles, while technology industry veterans Nick McKeown and Greg Lavender will join Intel. Corning ($GLW) said midday yesterday it is increasing its display glass substrate prices for Q3 “moderately” due to higher logistics and materials costs and other operational expenses during the extended glass shortage Bentley Systems ($BSY) announces offering of $500M of convertible senior notes Sprinklr ($CXM)625M share IPO priced at $16.00

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@dros #droscrew
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$SCS 16OCT20 $12.5 Cs // 1.2k+ trading vs 619 OI

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@dros #droscrew
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ahh classic $SCS catching flow

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@Pyrognosis #droscrew
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Didn't Steve Bannon advocate bombing china airstrips in the SCS?

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@I2L #droscrew
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dros, are you still in $SCS?

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Key Metrics

Market Cap

1.09 B

Beta

0.80

Avg. Volume

771.99 K

Shares Outstanding

88.08 M

Yield

4.61%

Public Float

0

Next Earnings Date

2022-06-22

Next Dividend Date

Company Information

For over 108 years, Steelcase Inc. has helped create great experiences for the world's leading organizations, across industries. The Company demonstrates 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. The Company is 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.

CEO: James Keane

Website:

HQ: 901 44th St SE Grand Rapids, 49508-7575 Michigan

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