Newell Brands Inc’s recent filing unveils that its Former Director Johnson Jay LeCoryelle acquired Company’s shares for reported $43736.0 on Jul 26 ’24. In the deal valued at $8.88 per share,4,928 shares were bought.
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Then, CAMPBELL PATRICK D sold 50,000 shares, generating $402,000 in total proceeds. Upon selling the shares at $8.04, the Director now owns 18,477 shares.
Before that, Turner Bradford R sold 20,000 shares. Newell Brands Inc shares valued at $148,600 were divested by the Chief Legal & Admin. Officer at a price of $7.43 per share. As a result of the transaction, Turner Bradford R now holds 169,813 shares, worth roughly $1.27 million.
UBS downgraded its Newell Brands Inc [NWL] rating to a Neutral from a a Buy in a research note published on February 16, 2024; the price target was decreased to $8.50 from $10. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Mkt perform”. Truist also remained covering NWL and has decreased its forecast on October 30, 2023 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on October 30, 2023. It rated NWL as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of NWL
On Monday, Newell Brands Inc [NASDAQ:NWL] saw its stock fall -1.71% to $7.47. Over the last five days, the stock has gained 2.05%. Newell Brands Inc shares have fallen nearly -13.94% since the year began. Nevertheless, the stocks have risen 10.01% over the past one year. While a 52-week high of $9.24 was reached on 01/09/24, a 52-week low of $5.39 was recorded on 07/10/24. SMA at 50 days reached $7.37, while 200 days put it at $7.52.
Levels Of Support And Resistance For NWL Stock
The 24-hour chart illustrates a support level at 7.35, which if violated will result in even more drops to 7.22. On the upside, there is a resistance level at 7.58. A further resistance level may holdings at 7.68. The Relative Strength Index (RSI) on the 14-day chart is 51.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.80%. Stochastics %K at 69.11% indicates the stock is a holding.
How much short interest is there in Newell Brands Inc?
A steep rise in short interest was recorded in Newell Brands Inc stocks on 2024-09-30, dropping by -15.68 million shares to a total of 11.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 27.61 million shares. There was a decline of -131.54%, which implies that there is a negative sentiment for the stock.
