Newell Rubbermaid (NWL): Price Target and June Short Interest Disclosure

Newell Rubbermaid (NWL) : Average target price received by Newell Rubbermaid (NWL) is $55.21 with an expected standard deviation of $2.97. The most aggressive target on the stock is $60, whereas the most downbeat target is $50. 14 financial analysts are currently covering the stock.

Newell Rubbermaid (NWL), According to the latest information the short interest in Newell Brands Inc. plummeted by 21.1% or 3,787,970 shares. The final shorts are 3.2% of the total floated shares. The positions dropped from 17,964,707 shares on June 15,2016 to 14,176,737 on June 30,2016. According to the per-day average trading of 4,868,465 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Barclays reinstates its rating on Newell Rubbermaid (NYSE:NWL).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays announces the price target of $57 per share. The rating by the firm was issued on April 25, 2016.


Newell Rubbermaid (NYSE:NWL): On Thursdays trading session , Opening price of the stock was $49.24 with an intraday high of $49.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $48.64. However, the stock managed to close at $48.72, a loss of 0.51% for the day. On the previous day, the stock had closed at $48.97. The total traded volume of the day was 2,921,958 shares.

Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing, which designs, manufactures or sources, and distributes writing instruments and labeling solutions, primarily for use in business and the home; Home Solutions, which designs, manufactures or sources, and distributes a range of consumer products under various brand names; Tools, which designs, manufactures or sources, and distributes hand tools and power tool accessories, industrial bandsaw blades, tools and industrial-labeling solutions; Commercial Products, which designs, manufactures or sources, and distributes cleaning and refuse products, hygiene systems, material handling solutions, and medical and computer carts, and Baby & Parenting, which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands, including Sharpie, Paper Mate, Parker, Calphalon, Irwin, Lenox, Elmers, Graco, Aprica and Baby Jogger.

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