Newell Brands Inc’s recent filing unveils that its Chief Human Resources Officer Platt Tracy L unloaded Company’s shares for reported $0.24 million on Dec 06 ’24. In the deal valued at $10.31 per share,23,343 shares were sold. As a result of this transaction, Platt Tracy L now holds 0 shares worth roughly $0.0.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Platt Tracy L bought 23,343 shares, generating $240,563 in total proceeds.
Before that, Turner Bradford R sold 20,000 shares. Newell Brands Inc shares valued at $179,200 were divested by the Chief Legal & Admin. Officer at a price of $8.96 per share. As a result of the transaction, Turner Bradford R now holds 230,254 shares, worth roughly $2.37 million.
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 3.83% to $10.31. Over the last five days, the stock has gained 7.51%. Newell Brands Inc shares have risen nearly 18.78% since the year began. Nevertheless, the stocks have risen 25.27% over the past one year. While a 52-week high of $10.18 was reached on 12/06/24, a 52-week low of $5.39 was recorded on 07/10/24. SMA at 50 days reached $8.53, while 200 days put it at $7.65.
Levels Of Support And Resistance For NWL Stock
The 24-hour chart illustrates a support level at 10.16, which if violated will result in even more drops to 10.01. On the upside, there is a resistance level at 10.45. A further resistance level may holdings at 10.60. The Relative Strength Index (RSI) on the 14-day chart is 71.35, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.74%. Stochastics %K at 89.54% 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.
