Newell Rubbermaid (NWL): The stock had negative money flow to the tune of ($16.87 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $12.22 million, whereas, the outflow of money on downticks was $29.09 million and the ratio between the two was 0.42. The block trade had a negative net money flow of ($17.37 million). On the other hand, downticks amounted to $17.37 million of the traded value, which shows distribution in the stock by traders. Newell Rubbermaid (NWL) closed with marginal gains of 23 cents to end the day at $53.91, an increase of 0.43% over the previous days close. The stock recorded 0.2% for the week.
Also, UBS maintains its rating on Newell Rubbermaid (NYSE:NWL). The global brokerage major raises the current price target from $55 per share to $59 per share. Analysts at the UBS have a current rating of Buy on the shares. The rating by the firm was issued on August 1, 2016.
Newell Brands Inc. has lost 1.32% in the last five trading days and dropped 0.43% in the last 4 weeks. Newell Brands Inc. is up 12.12% in the last 3-month period. Year-to-Date the stock performance stands at 23.02%.
Newell Rubbermaid (NYSE:NWL): The stock opened at $53.84 on Tuesday but the bulls could not build on the opening and the stock topped out at $53.97 for the day. The stock traded down to $53.44 during the day, due to lack of any buying support eventually closed down at $53.55 with a loss of -0.67% for the day. The stock had closed at $53.91 on the previous day. The total traded volume was 1,944,535 shares.
In a related news,The director of Newell Brands Inc, Ashken Ian G H sold 346,781 shares at $48.51 on June 23, 2016. The Insider selling transaction had a total value worth of $16,822,346. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.