The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Newell Brands Inc shares valued at $179,200 were sold by Turner Bradford R on Nov 05 ’24. At $8.96 per share, Turner Bradford R sold 20,000 shares. The insider’s holdings dropped to 230,254 shares worth approximately $2.1 million following the completion of this transaction.
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Also, Turner Bradford R purchased 20,000 shares, netting a total of over 179,200 in proceeds.
Before that, Johnson Jay LeCoryelle had added 4,928 shares to its account. In a trade valued at $43,736, the Former Director bought Newell Brands Inc shares for $8.88 each.
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 surge of approximately 3.52%. Over the course of the year, Newell Brands Inc shares have jumped approximately 4.95%. Shares of the company reached a 52-week high of $9.68 on 10/28/24 and a 52-week low of $5.39 on 07/10/24. A 50-day SMA is recorded $7.74, while a 200-day SMA reached $7.51. Nevertheless, trading volume fell to 6.49 million shares from 6.0 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 8.90, which, if violated, would cause prices to drop to 8.68. In the upper region, resistance lies at 9.29. The next price resistance is at 9.46. RSI (Relative Strength Index) is 65.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 22.55%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
