Major Move Is Coming For Newell Brands Inc After Bearish Options Activity

 Major Move Is Coming For Newell Brands Inc After Bearish Options Activity

In today’s session Newell Brands Inc (NWL) recorded an unusually high (1,972) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious NWL decrease. With 1,972 contracts traded and 1384 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: NWL170317P00047000 closed last at: $3 or 3.4% up. About 2.88M shares traded hands. Newell Brands Inc (NYSE:NWL) has risen 4.40% since April 13, 2016 and is uptrending. It has outperformed by 0.47% the S&P500.

Newell Brands Inc (NYSE:NWL) Ratings Coverage

Out of 11 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $60 is the highest target while $36 is the lowest. The $52 average target is 10.92% above today’s ($46.88) stock price. Newell Rubbermaid Inc. has been the topic of 19 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, February 8 by Gabelli. The rating was upgraded by RBC Capital Markets to “Top Pick” on Wednesday, December 16. The stock of Newell Brands Inc (NYSE:NWL) has “Buy” rating given on Monday, May 2 by UBS. The stock of Newell Brands Inc (NYSE:NWL) earned “Overweight” rating by Barclays Capital on Monday, April 25. The stock of Newell Brands Inc (NYSE:NWL) earned “Perform” rating by Oppenheimer on Friday, February 12. The stock has “Buy” rating given by B. Riley & Co on Monday, May 2. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, September 8. The rating was upgraded by Raymond James on Tuesday, November 8 to “Strong Buy”. UBS initiated Newell Brands Inc (NYSE:NWL) rating on Wednesday, August 12. UBS has “Buy” rating and $50 price target. The rating was upgraded by B. Riley & Co to “” on Thursday, October 1.

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.
Creative Planning accumulated 10,310 shares or 0% of the stock. Manufacturers Life The last reported 488,774 shares in the company. The Michigan-based Comerica Bankshares has invested 0.06% in Newell Brands Inc (NYSE:NWL). First Merchants Corp last reported 8,404 shares in the company. Wells Fargo & Com Mn has invested 0.03% of its portfolio in Newell Brands Inc (NYSE:NWL). Cambridge Inv Research Advsr has 0.01% invested in the company for 11,007 shares. Vigilant Capital Management Limited Liability holds 64,713 shares or 0.6% of its portfolio. The Texas-based Employees Retirement Systems Of Texas has invested 0.08% in Newell Brands Inc (NYSE:NWL). Bnp Paribas Invest Ptnrs Sa last reported 0.05% of its portfolio in the stock. Oppenheimer & Com has 64,998 shares for 0.09% of their US portfolio. Fieldpoint Private Advisors Inc reported 21,590 shares or 0.72% of all its holdings. Moreover, Carret Asset Mgmt Llc has 0.24% invested in Newell Brands Inc (NYSE:NWL) for 25,863 shares. Euclid Advisors has 346,899 shares for 0.73% of their US portfolio. Smithfield Trust holds 0.05% or 4,944 shares in its portfolio. Shinko Asset Management Co holds 0% or 1,133 shares in its portfolio.

Insider Transactions: Since May 20, 2016, the stock had 4 insider buys, and 3 insider sales for $2.01 million net activity. $191,280 worth of Newell Brands Inc (NYSE:NWL) was bought by POLK MICHAEL B. Stipancich John K had sold 10,407 shares worth $493,188. DE SOLE DOMENICO bought 4,180 shares worth $199,762. On Monday, May 23 Burke William A III sold $1.64 million worth of the stock or 34,882 shares. 12,436 shares were bought by Tarchetti Mark, worth $598,793 on Monday, October 31.

Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The company has a market cap of $22.17 billion. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. It has a 87.17 P/E ratio. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

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.

More notable recent Newell Brands Inc (NYSE:NWL) news were published by: Businesswire.com which released: “Newell Brands to Present at Morgan Stanley Global Consumer & Retail Conference” on November 08, 2016, also Wsj.com with their article: “Newell Brands Earnings Beat Estimates” published on October 28, 2016, Businesswire.com published: “Newell Brands to Reaffirm 2016 and 2017 Outlook at Morgan Stanley Global …” on November 14, 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 Nasdaq.com‘s news article titled: “Newell Brands, Inc. Reports 124% Increase In Q3 Bottom Line” with publication date: October 28, 2016.

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