Price Action to Note: Can Newell Brands Inc’s Tomorrow Be Different? The Stock Increases Again

Price Action to Note: Can Newell Brands Inc's Tomorrow Be Different? The Stock Increases Again

The stock of Newell Brands Inc (NYSE:NWL) is a huge mover today! About 2.03 million shares traded hands. Newell Brands Inc (NYSE:NWL) has risen 6.19% since April 5, 2016 and is uptrending. It has outperformed by 4.23% the S&P500.
The move comes after 7 months positive chart setup for the $25.11 billion company. It was reported on Nov, 8 by Barchart.com. We have $81.06 PT which if reached, will make NYSE:NWL worth $15.32B more.

Newell Brands Inc (NYSE:NWL) Ratings Coverage

Out of 11 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. Newell Rubbermaid Inc. has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Newell Brands Inc (NYSE:NWL) rating on Monday, May 2. Deutsche Bank has “Buy” rating and $52 price target. RBC Capital Markets upgraded Newell Brands Inc (NYSE:NWL) on Wednesday, December 16 to “Top Pick” rating. The firm has “Outperform” rating given on Tuesday, September 8 by RBC Capital Markets. Barclays Capital maintained the shares of NWL in a report on Monday, April 25 with “Overweight” rating. Piper Jaffray upgraded the stock to “Overweight” rating in Tuesday, December 15 report. Oppenheimer maintained Newell Brands Inc (NYSE:NWL) rating on Friday, February 12. Oppenheimer has “Perform” rating and $36 price target. Gabelli initiated the shares of NWL in a report on Monday, February 8 with “Buy” rating. The firm earned “Buy” rating on Monday, May 2 by UBS. The stock of Newell Brands Inc (NYSE:NWL) earned “Mkt Perform” rating by Raymond James on Tuesday, December 15. As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT.

According to Zacks Investment Research, “Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, like Paper Mate, Sharpie, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid, Contigo and many others. The company is based in Atlanta, Georgia and was formerly known as Newell Rubbermaid.”

Insitutional Activity: The institutional sentiment increased to 3.35 in Q2 2016. Its up 2.26, from 1.09 in 2016Q1. The ratio improved, as 31 funds sold all Newell Brands Inc shares owned while 101 reduced positions. 165 funds bought stakes while 277 increased positions. They now own 872.10 million shares or 192.27% more from 298.39 million shares in 2016Q1.
Brown Advisory Secs Limited Com holds 0.1% of its portfolio in Newell Brands Inc (NYSE:NWL) for 6,372 shares. Moreover, Scott And Selber has 2.18% invested in Newell Brands Inc (NYSE:NWL) for 66,913 shares. The Missouri-based Scout Investments has invested 0.01% in Newell Brands Inc (NYSE:NWL). Mckinley Capital Mgmt Delaware holds 531,203 shares or 1.25% of its portfolio. Intrust National Bank Na has 12,586 shares for 0.25% of their US portfolio. Lord Abbett And Ltd Liability has 0.33% invested in the company for 2.16 million shares. Cetera Advisor Netwr Lc has invested 0.02% of its portfolio in Newell Brands Inc (NYSE:NWL). Leavell Invest Mgmt has invested 0.08% of its portfolio in Newell Brands Inc (NYSE:NWL). Burt Wealth Advsrs accumulated 0.01% or 255 shares. Tci Wealth Advisors last reported 274 shares in the company. Evercore Wealth Management Limited Liability Com accumulated 8,946 shares or 0.02% of the stock. Stephens Inc Ar accumulated 5,709 shares or 0.01% of the stock. Wellington Gp Ltd Liability Partnership has 4.23M shares for 0.05% of their US portfolio. Amica Pension Fund Board Of Trustees, a Rhode Island-based fund reported 13,759 shares. Everpoint Asset Mngmt Llc last reported 0.07% of its portfolio in the stock.

Insider Transactions: Since May 13, 2016, the stock had 4 insider purchases, and 4 insider sales for $3.05 million net activity. POLK MICHAEL B bought 4,000 shares worth $191,280. 21,982 shares with value of $1.04M were sold by Stipancich John K on Friday, May 13. 4,180 shares were bought by DE SOLE DOMENICO, worth $199,762 on Thursday, June 2. Burke William A III had sold 26,000 shares worth $1.24 million. Shares for $598,793 were bought by Tarchetti Mark on Monday, October 31.

More notable recent Newell Brands Inc (NYSE:NWL) news were published by: Wsj.com which released: “Newell Brands Earnings Beat Estimates” on October 28, 2016, also Zacks.com with their article: “Why Newell Brands (NWL) Should be Part of Your Portfolio” published on November 07, 2016, Gurufocus.com published: “Newell Brands Inc (NWL) CEO Michael B Polk Bought $’7—,6…… of Shares” on November 01, 2016. More interesting news about Newell Brands Inc (NYSE:NWL) were released by: Seekingalpha.com and their article: “Newell Brands, Inc. (NWL) CEO Michael Polk on Q3 2016 Results – Earnings Call …” published on October 29, 2016 as well as Bloomberg.com‘s news article titled: “Stanley Black & Decker to Buy Newell Tools for $1.95 Billion” with publication date: October 12, 2016.

NWL Company Profile

Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment