NWL Stock Summary and Trading Ideas (Newell Brands | NASDAQ:NWL)

Newell Brands Inc is an American global consumer goods company. The business activities of the group function through three segments namely, Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The learning and Development segment generates revenue for the firm which offers baby gear and infant care products; writing instruments, including markers and highlighters, pens, and pencils; art products; activity-based adhesive and cutting products, and labeling solutions.

Newell Brands trades on the NASDAQ stock market under the symbol NWL.

As of April 23, 2024, NWL stock price climbed to $7.13 with 3,854,055 million shares trading.

NWL has a beta of 1.13, meaning it tends to be more sensitive to market movements. NWL has a correlation of 0.07 to the broad based SPY ETF.

NWL has a market cap of $2.96 billion. This is considered a Mid Cap stock.

Last quarter Newell Brands reported $2 billion in Revenue and $.22 earnings per share. This beat revenue expectation by $96 million and exceeded earnings estimates by $.05.

In the last 3 years, NWL stock traded as high as $30.10 and as low as $6.50.

The top ETF exchange traded funds that NWL belongs to (by Net Assets): IJR, CALF, VTI, COWZ, VB.

NWL has underperformed the market in the last year with a price return of -39.4% while the SPY ETF gained +24.3%. NWL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.9% and -4.3%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

NWL support price is $6.76 and resistance is $7.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NWL stock will trade within this expected range on the day.