Shares of Steelcase Inc. (SCS) are rising almost 10 percent or $0.98 in Thursday's morning trade at $10.99 despite no company-centric news that could influence the stock.
U.S. stocks are rising on Thursday, adding to gains in the previous session, amid continued optimism about a new stimulus bill after House Democrats delayed a vote on their coronavirus relief package. The delayed vote on the $2.2 trillion Democratic bill, which Republican leaders have flatly rejected, is intended to give lawmakers more time to reach an agreement.
Michigan-based Steelcase is a seller of integrated furniture settings and interior architectural products.
Steelcase has traded in a range of $7.02 to $23.02 in the past 52 weeks.
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