Newell Brands Inc’s filing revealed 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.
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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 $2.42 million.
Truist upgraded its Newell Brands Inc [NWL] rating to a Buy from a a Hold in a research note published on December 09, 2024; the price target was increased to $17 from $10. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid November from “an Equal weight” to “an Overweight”. UBS also remained covering NWL and has decreased its forecast on February 16, 2024 with a “Neutral” recommendation from previously “Buy” rating. Raymond James revised its rating on February 12, 2024. It rated NWL as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of NWL
On Tuesday, Newell Brands Inc [NASDAQ:NWL] saw its stock fall -3.14% to $10.50. Over the last five days, the stock has lost -9.72%. Newell Brands Inc shares have risen nearly 20.97% since the year began. Nevertheless, the stocks have risen 20.00% over the past one year. While a 52-week high of $11.78 was reached on 12/11/24, a 52-week low of $5.39 was recorded on 07/10/24. SMA at 50 days reached $9.05, while 200 days put it at $7.78.
Levels Of Support And Resistance For NWL Stock
The 24-hour chart illustrates a support level at 10.39, which if violated will result in even more drops to 10.27. On the upside, there is a resistance level at 10.70. A further resistance level may holdings at 10.89. The Relative Strength Index (RSI) on the 14-day chart is 57.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.78%. Stochastics %K at 59.26% 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 2024-11-29, dropping by -1.3 million shares to a total of 10.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.57 million shares. There was a decline of -12.65%, which implies that there is a negative sentiment for the stock.
