Newell Brands Inc (NASDAQ: NWL) is 0.35% higher on its value in year-to-date trading and has touched a low of $6.49 and a high of $11.61 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NWL stock was last observed hovering at around $8.24 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $8.71, the stock is 15.44% and 14.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.5 million and changing 5.70% at the moment leaves the stock 5.46% off its SMA200. NWL registered -6.04% loss for a year compared to 6-month gain of 27.34%.
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The stock witnessed a 22.50% loss in the last 1 month and extending the period to 3 months gives it a 18.34%, and is 9.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.53% over the week and 3.75% over the month.
Newell Brands Inc (NWL) has around 24600 employees, a market worth around $3.62B and $7.98B in sales. Fwd P/E is 11.39. Profit margin for the company is -3.70%. Distance from 52-week low is 34.10% and -24.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.66%).
The EPS is expected to shrink by -24.51% this year.
Newell Brands Inc (NWL) Top Institutional Holders
The shares outstanding are 414.30M, and float is at 413.85M with Short Float at 6.23%.
Newell Brands Inc (NWL) Insider Activity
The most recent transaction is an insider sale by CAMPBELL PATRICK D,the company’sDirector. SEC filings show that CAMPBELL PATRICK D sold 50,000 shares of the company’s common stock on May 10 ’24 at a price of $8.04 per share for a total of $0.4 million. Following the sale, the insider now owns 18477.0 shares.
Newell Brands Inc disclosed in a document filed with the SEC on Feb 23 ’24 that Turner Bradford R (Chief Legal & Admin. Officer) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $7.43 per share for $0.15 million. Following the transaction, the insider now directly holds 0.17 million shares of the NWL stock.
Still, SEC filings show that on Oct 30 ’23, Turner Bradford R (Chief Legal & Admin. Officer) disposed off 20,000 shares at an average price of $6.88 for $0.14 million. The insider now directly holds 152,363 shares of Newell Brands Inc (NWL).
