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Why Select Interior Concepts Stock Is Trading Higher Today

Select Interior Concepts (NASDAQ:SIC) shares are trading higher after the company announced it entered into a definitive agreement to sell its Residential Design Services segment to Interior Logic Group for $215 million.
We will continue distinguishing ourselves by our innovative technology and commitment to grow with our customers through trusted partnerships and relationships, said Chief Executive Officer Alan Davenport of Interior Logic Group.
Select Interior Concepts Inc is a diversified product and service company that acts as an installer and distributor of interior building products in residential interior design services.
The stock was trading 16.91% higher at $10.44 per share at the time of writing. The stock has a 52-week high of $10.88 and a 52-week low of $2.03. ....

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Recap: Select Interior Concepts Q4 Earnings

Company Overview
Select Interior Concepts Inc is a diversified product and service company who acts as an installer and distributor of interior building products in residential interior design services. Through Residential Design Services segment it earns the majority of the revenue and serves national and regional homebuilders by providing an integrated, outsourced solution for the design, consultation, sourcing, distribution and installation needs of their homebuyer customers. While its Architectural Surfaces Group segment imports and distributes natural and engineered stone slabs, as well as tile, through its warehouse locations across the United States. Its slabs include marble, granite, and quartz, for use as a distinctive kitchen and bathroom countertops. ....

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