In a filing, Newell Brands Inc revealed its Chief Legal & Admin. Officer Turner Bradford R unloaded Company’s shares for reported $0.18 million on Nov 05 ’24. In the deal valued at $8.96 per share,20,000 shares were sold. As a result of this transaction, Turner Bradford R now holds 230,254 shares worth roughly $2.15 million.
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Then, Turner Bradford R bought 20,000 shares, generating $179,200 in total proceeds.
Before that, Johnson Jay LeCoryelle bought 4,928 shares. Newell Brands Inc shares valued at $43,736 were divested by the Former Director at a price of $8.88 per share.
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 jump 1.08% to $9.32. Over the last five days, the stock has gained 6.64%. Newell Brands Inc shares have risen nearly 7.37% since the year began. Nevertheless, the stocks have risen 38.69% over the past one year. While a 52-week high of $9.68 was reached on 10/28/24, a 52-week low of $5.39 was recorded on 07/10/24. SMA at 50 days reached $7.82, 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 9.19, which if violated will result in even more drops to 9.07. On the upside, there is a resistance level at 9.47. A further resistance level may holdings at 9.63. The Relative Strength Index (RSI) on the 14-day chart is 67.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.17%. Stochastics %K at 81.70% 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 2024-10-15, dropping by -6.59 million shares to a total of 17.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 24.24 million shares. There was a decline of -37.31%, which implies that there is a negative sentiment for the stock.
