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Newell Brands Inc [NWL] stock for 402,000 USD was sold by CAMPBELL PATRICK D

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Newell Brands Inc shares valued at $402,000 were sold by CAMPBELL PATRICK D on May 10 ’24. At $8.04 per share, CAMPBELL PATRICK D sold 50,000 shares. The insider’s holdings dropped to 18,477 shares worth approximately $0.12 million following the completion of this transaction.

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Also, Turner Bradford R sold 20,000 shares, netting a total of over 148,600 in proceeds. Following the sale of shares at $7.43 each, the insider now holds 169,813 shares.

Before that, Turner Bradford R had sold 20,000 shares from its account. In a trade valued at $137,600, the Chief Legal & Admin. Officer traded Newell Brands Inc shares for $6.88 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $0.96 million.

As published in a research note from UBS on February 16, 2024, Newell Brands Inc [NWL] has been rated down from a Buy to a Neutral and the price target has been revised to $8.50 from $10. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid February. As of October 30, 2023, Truist has decreased its “Buy” rating to a “Hold” for NWL. Earlier on October 30, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for NWL stock which previously was a “an Overweight”.

Analyzing NWL Stock Performance

During the last five days, there has been a drop of approximately -1.10%. Over the course of the year, Newell Brands Inc shares have dropped approximately -27.30%. Shares of the company reached a 52-week high of $9.09 on 01/09/24 and a 52-week low of $6.20 on 07/02/24. A 50-day SMA is recorded $7.43, while a 200-day SMA reached $7.72. Nevertheless, trading volume fell to 1.53 million shares from 3.47 million shares the previous day.

Support And Resistance Levels for Newell Brands Inc (NWL)

According to the 24-hour chart, there is a support level at 6.23, which, if violated, would cause prices to drop to 6.20. In the upper region, resistance lies at 6.33. The next price resistance is at 6.39. RSI (Relative Strength Index) is 29.34 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 94.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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