Stocks of Newell Brands Inc (NASDAQ:NWL) traded higher last session on Wall Street, up 5.38% to $7.83.
NWL stock price is now 9.88% away from the 50-day moving average and 2.77% away from the 200-day moving average. The market capitalization of the company currently stands at $3.26B.
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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, Johnson Jay LeCoryelle, Former Director bought 4,928 shares of the company’s stock on Jul 26 ’24. The stock was bought for $43,736 at an average price of $8.88. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, Director CAMPBELL PATRICK D sold 50,000 shares of the business’s stock. A total of $402,000 was realized by selling the stock at an average price of $8.04. This leaves the insider owning 18,477 shares of the company worth $0.14 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 $9.79. 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 $7.1574 and a two-hundred day moving average price translates $7.6213 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.
