Newell Rubbermaid (NWL) : Traders are bullish on Newell Rubbermaid (NWL) as it has outperformed the S&P 500 by a wide margin of 7.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.46% in the last 1 week, and is up 10.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Newell Rubbermaid (NYSE:NWL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.43 and $53.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.75, notching a gain of 0.88% for the day. The total traded volume was 3,260,855 . The stock had closed at $53.28 on the previous day.
The stock has recorded a 20-day Moving Average of 7.5% and the 50-Day Moving Average is 10.05%. Newell Brands Inc. is up 14.72% in the last 3-month period. Year-to-Date the stock performance stands at 23.04%.
Newell Rubbermaid (NWL) stock is expected to deviate a maximum of $3.34 from the average target price of $59.43 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $66 and the most muted being $52.
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.