Stock Alert: Steelcase Gains 11%

(RTTNews) - Steelcase Inc. (SCS) shares are up 11 percent on Thursday morning trade, despite no company-specific news to influence the movement.

Shares are currently at $11.98, up 11.03 percent from its previous close of $10.79. After a quiet period, the shares started to gain since Tuesday.

On September 1, the company had announced early retirements, voluntary and involuntary separations of approximately 300 salaried employees.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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