Newell Rubbermaid (NWL) has risen sharply, recording gains of 0.66% in the past 4 weeks. However, the stock has corrected -0.35% in the past 1 week, providing a good buying opportunity on dips. Newell Rubbermaid (NWL) : During the past 4 weeks, traders have been relatively bearish on Newell Rubbermaid (NWL), hence the stock is down -3.55% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.82% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.94% and the 50-Day Moving Average is 1.52%.
Newell Rubbermaid (NYSE:NWL): The stock opened at $48.80 on Friday but the bulls could not build on the opening and the stock topped out at $48.96 for the day. The stock traded down to $48.55 during the day, due to lack of any buying support eventually closed down at $48.69 with a loss of -0.06% for the day. The stock had closed at $48.72 on the previous day. The total traded volume was 2,316,699 shares.
The company Insiders own 0.66% of Newell Rubbermaid shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.39% . During last six month period, the net percent change held by insiders has seen a change of -20.28%. In a related news, The Securities and Exchange Commission has divulged that Ashken Ian G H, director of Newell Brands Inc, had unloaded 346,781 shares at an average price of $48.51 in a transaction dated on June 23, 2016. The total value of the transaction was worth $16,822,346.
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.