In a filing, Newell Brands Inc revealed 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.
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 $1.44 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 Monday, Newell Brands Inc [NASDAQ:NWL] saw its stock fall -2.34% to $6.27. Over the last five days, the stock has lost -2.79%. Newell Brands Inc shares have fallen nearly -37.05% since the year began. Nevertheless, the stocks have fallen -14.11% over the past one year. While a 52-week high of $11.78 was reached on 01/27/25, a 52-week low of $5.39 was recorded on 03/03/25. SMA at 50 days reached $9.03, while 200 days put it at $8.13.
Levels Of Support And Resistance For NWL Stock
The 24-hour chart illustrates a support level at 6.11, which if violated will result in even more drops to 5.96. On the upside, there is a resistance level at 6.55. A further resistance level may holdings at 6.84. The Relative Strength Index (RSI) on the 14-day chart is 24.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.67%. Stochastics %K at 5.10% indicates the stock is a buying.
