Newell Brands Inc (NASDAQ: NWL) is 26.84% higher on its value in year-to-date trading and has touched a low of $5.39 and a high of $11.78 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 $11.45 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $11.01, the stock is 11.02% and 23.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.12 million and changing -3.84% at the moment leaves the stock 42.10% off its SMA200. NWL registered 28.77% gain for a year compared to 6-month gain of 57.96%. The firm has a 50-day simple moving average (SMA 50) of $8.9218 and a 200-day simple moving average (SMA200) of $7.7482.
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The stock witnessed a 21.26% loss in the last 1 month and extending the period to 3 months gives it a 42.43%, and is 6.79% 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 5.37% over the week and 3.87% over the month.
Newell Brands Inc (NWL) has around 24600 employees, a market worth around $4.40B and $7.71B in sales. Fwd P/E is 14.36. Profit margin for the company is -3.22%. Distance from 52-week low is 104.46% and -6.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.36%).
The EPS is expected to shrink by -16.49% this year.
Newell Brands Inc (NWL) Top Institutional Holders
553.0 institutions hold shares in Newell Brands Inc (NWL), with institutional investors hold 94.52% of the company’s shares. The shares outstanding are 416.00M, and float is at 414.41M with Short Float at 2.48%. Institutions hold 94.18% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 69.06 million shares valued at $442.66 million. The investor’s holdings represent 16.6525% of the NWL Shares outstanding. As of 2024-06-30, the second largest holder is PZENA INVESTMENT MANAGEMENT LLC with 52.48 million shares valued at $336.39 million to account for 12.6547 of the shares outstanding. The other top investors are PACER ADVISORS, INC. which holds 47.01 million shares representing 11.3364% and valued at over $301.35 million, while VANGUARD GROUP INC holds 10.6444 of the shares totaling 44.14 million with a market value of $282.95 million.
Newell Brands Inc (NWL) Insider Activity
The most recent transaction is an insider sale by Platt Tracy L, the company’s Chief Human Resources Officer. SEC filings show that Platt Tracy L sold 23,343 shares of the company’s common stock on Dec 06 ’24 at a price of $10.31 per share for a total of $0.24 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Nov 05 ’24, Turner Bradford R (Chief Legal & Admin. Officer) disposed off 20,000 shares at an average price of $8.96 for $0.18 million. The insider now directly holds 230,254 shares of Newell Brands Inc (NWL).
