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 $2.21 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.
Barclays upgraded its Newell Brands Inc [NWL] rating to an Overweight from a an Equal weight in a research note published on November 20, 2024; the price target was increased to $10 from $8. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Raymond James also remained covering NWL and has decreased its forecast on February 12, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Truist revised its rating on October 30, 2023. It rated NWL as “a Hold” which previously was an “a Buy”.
Price Performance Review of NWL
On Friday, Newell Brands Inc [NASDAQ:NWL] saw its stock jump 0.31% to $9.59. Over the last five days, the stock has gained 7.27%. Newell Brands Inc shares have risen nearly 10.48% since the year began. Nevertheless, the stocks have risen 24.87% over the past one year. While a 52-week high of $9.72 was reached on 11/29/24, a 52-week low of $5.39 was recorded on 07/10/24. SMA at 50 days reached $8.26, while 200 days put it at $7.59.
Levels Of Support And Resistance For NWL Stock
The 24-hour chart illustrates a support level at 9.49, which if violated will result in even more drops to 9.40. On the upside, there is a resistance level at 9.70. A further resistance level may holdings at 9.82. The Relative Strength Index (RSI) on the 14-day chart is 65.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.75%. Stochastics %K at 85.29% 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 2024-11-15, dropping by -6.35 million shares to a total of 11.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 17.66 million shares. There was a decline of -56.11%, which implies that there is a negative sentiment for the stock.
