Newell Brands Inc. [NWL] Investment Guide: What You Need to Know

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Newell Brands Inc.’s filing revealed that its Chief Financial Officer Erceg Mark J acquired Company’s shares for reported $0.9 million on May 04. In the deal valued at $9.98 per share,90,585 shares were bought. As a result of this transaction, Erceg Mark J now holds 243,725 shares worth roughly $ 2.61 million.

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Then, Erceg Mark J bought 9,515 shares, generating $95,055 in total proceeds. Upon buying the shares at $9.99, the Chief Financial Officer now owns 153,140 shares.

Before that, Erceg Mark J bought 48,643 shares. Newell Brands Inc. shares valued at $623,117 were divested by the Chief Financial Officer at a price of $12.81 per share. As a result of the transaction, Erceg Mark J now holds 143,625 shares, worth roughly $1.54 million.

Canaccord Genuity initiated its Newell Brands Inc. [NWL] rating to a Buy in a research note published on Friday, July 11, 2023; the price target was $13. PT values the company’s stock at a premium of 17.62 to its Friday closing price.

Price Performance Review of NWL

On Friday, Newell Brands Inc. [NASDAQ:NWL] saw its stock jump 1.23% to $10.71. On the same session, the stock had its day’s lowest price of $10.525, but rose to a high of $10.72. Over the last five days, the stock has gained 4.49%. Newell Brands Inc. shares have fallen nearly -18.12% since the year began. Nevertheless, the stocks have fallen -40.00% over the past one year. While a 52-week high of $18.54 was reached on 02/02/23, a 52-week low of $7.80 was recorded on 06/23/23. SMA at 50 days reached $10.00, while 200 days put it at $11.80. A total of 3.84 million shares were traded, compared to the trading of 5.28 million shares in the previous session.

Levels Of Support And Resistance For NWL Stock

The 24-hour chart illustrates a support level at 10.58, which if violated will result in even more drops to 10.46. On the upside, there is a resistance level at 10.78. A further resistance level may holdings at 10.85. The Relative Strength Index (RSI) on the 14-day chart is 60.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.49%. Stochastics %K at 89.70% indicates the stock is a selling.

How much short interest is there in Newell Brands Inc.?

A steep rise in short interest was recorded in Newell Brands Inc. stocks on Aug 14, 2023, dropping by -5.37 million shares to a total of 18.77 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 24.14 million shares. There was a decline of -28.61%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.07% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.53.

Newell Brands Inc. [NWL] – Who Are The Largest Shareholders?

In filings from Pzena Investment Management LLC, it is revealed that the company now owns 52,422,875 shares, or roughly 12.66% of the outstanding NWL shares. In other words, the investor’s shares have risen by 1,617,796 from its previous 13-F filing of 50805079.0. Additionally, The Vanguard Group, Inc. decreased -0.03% of its stake after which the total value it holdings stand at $477,518,287, while BlackRock Fund Advisors reduced -6.96% of its stake to hold $322.64 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -1,323,067 shares of Newell Brands Inc., while Icahn Associates Holding LLC sold -9,572,898 shares. At present, JPMorgan Investment Management, I is holding 17,198,817 shares valued at $191.94 million. Invesco Capital Management LLC owned 13,086,472 shares of the company at the time of its most recent 13F filing, worth $146.05 million.

According to FactSet, Newell Brands Inc.’s share price will average $12.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.15 percent from its previous closing price of $10.58. Analysts expect Newell Brands Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $9.00. However, 12 analysts have rated NWL stock as a Hold in their predictions for 2023.


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