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 $240,666 were sold by Platt Tracy L on Dec 06 ’24. At $10.31 per share, Platt Tracy L sold 23,343 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Platt Tracy L purchased 23,343 shares, netting a total of over 240,563 in proceeds.
Before that, Turner Bradford R had sold 20,000 shares from its account. In a trade valued at $179,200, the Chief Legal & Admin. Officer traded Newell Brands Inc shares for $8.96 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.47 million.
As published in a research note from Truist on December 09, 2024, Newell Brands Inc [NWL] has been rated up from a Hold to a Buy and the price target has been revised to $17 from $10. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid November. As of February 16, 2024, UBS has decreased its “Buy” rating to a “Neutral” for NWL. Earlier on February 12, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for NWL stock which previously was a “an Outperform”.
Analyzing NWL Stock Performance
During the last five days, there has been a drop of approximately -6.32%. Over the course of the year, Newell Brands Inc shares have dropped approximately -36.04%. Shares of the company reached a 52-week high of $10.85 on 01/27/25 and a 52-week low of $6.36 on 02/27/25. A 50-day SMA is recorded $9.22, while a 200-day SMA reached $8.15. Nevertheless, trading volume fell to 20.54 million shares from 17.69 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 6.28, which, if violated, would cause prices to drop to 6.19. In the upper region, resistance lies at 6.55. The next price resistance is at 6.72. RSI (Relative Strength Index) is 24.36 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 99.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
