Stocks of Newell Brands Inc (NASDAQ:NWL) traded higher last session on Wall Street, down -1.23% to $8.80.
NWL stock price is now 25.94% away from the 50-day moving average and 16.57% away from the 200-day moving average. The market capitalization of the company currently stands at $3.65B.
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With the price target reduced from $10 to $8.50, UBS Downgraded its rating from Buy to Neutral for Newell Brands Inc (NASDAQ: NWL). , while ‘Truist’ rates the stock as ‘Hold’
In other news, CAMPBELL PATRICK D, Director sold 50,000 shares of the company’s stock on May 10 ’24. The stock was sold for $402,000 at an average price of $8.04. Upon completion of the transaction, the Director now directly owns 18,477 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, Chief Legal & Admin. Officer Turner Bradford R sold 20,000 shares of the business’s stock. A total of $148,600 was realized by selling the stock at an average price of $7.43. This leaves the insider owning 169,813 shares of the company worth $1.49 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Newell Brands Inc has had a low of $5.39 and a high of $11.61. As of last week, the company has a debt-to-equity ratio of 1.81, a current ratio of 0.98, and a quick ratio of 0.51. The fifty day moving average price for NWL is $6.9954 and a two-hundred day moving average price translates $7.5572 for the stock.
The latest earnings results from Newell Brands Inc (NASDAQ: NWL) was released for 2024-06-30. The net profit margin was -3.43% and return on equity was -8.38% for NWL. The company reported revenue of $2.03 billion for the quarter, compared to $2.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.76 percent.
