Barchart.com’s volume leaders on Wednesday morning suggest office furniture manufacturer Steelcase (SCS) is in for a massive day. Up 27% with 2.77 million shares traded -- 5x its 30-day average -- the company’s shares are now above $1o for the first time in a year.
While the FOMO trade appears dialed in, investors should think twice before jumping on the bandwagon. Steelcase’s share price was in single digits over the past year for a reason.
