Newell Brands Inc (NASDAQ: NWL) has benefited from extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Recent minimal positive changes in fundamentals have benefitted Newell Brands Inc (NASDAQ: NWL): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NWL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Newell Brands has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Newell Brands has a neutral Appreciation Score of 50 but a poor Power Rating of 25, and the Negative Value Trend Rating results.
Recent Price Action
Newell Brands Inc (NASDAQ: NWL) stock declined modestly by -1.6% on 7/31/24. The stock closed at $8.59. Moreover, unusually high trading volume at 168% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 36.1% during the last week.
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