Newell Brands Inc. (NWL) News
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NWL News Highlights
- NWL's 30 day story count now stands at 61.
- Over the past 21 days, the trend for NWL's stories per day has been choppy and unclear. It has oscillated between 1 and 39.
- The most mentioned tickers in articles about NWL are BEAT, PAY and PD.
Latest NWL News From Around the Web
Below are the latest news stories about Newell Brands Inc that investors may wish to consider to help them evaluate NWL as an investment opportunity.
Newell Brands CEO Ravi Saligram joins Yahoo Finance Live to discuss fourth quarter earnings for the company, inflation, supply chain challenges, and the impact of Russia attacking Ukraine.
Asian stock markets closed mostly higher on Wednesday as investors monitored the ongoing Russia-Ukraine crisis. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the companys prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. Newell Brands The Trade: Newell Brands Inc. (NYSE: NWL ) 10% owner Icahn Partners Master Fund Lp disposed a total of 10,634,184 shares at an average pric...
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Newell Brands Inc. announced Tuesday an agreement to buy back $275 million of its stock that currently beneficially owned by billionaire activist investor Carl Icahn and certain affiliates. Under terms of the deal, the consumer goods company, which brands include Rubbermaid, Sharpie, Paper Mate and Elmer''s, will pay $25.86 for each of the shares it is repurchasing, which matches Friday''s closing price. After the repurchase deal closes, which is expected to occur on Feb. 25, Icahn''s Icahn Enterprises L.P. will own about 33 million shares, or about 8% of the shares outstanding. Newell said the repurchases are part of its $375 million stock repurchase program. Newell''s stock, which fell 0.7% in premarket trading, has rallied 12.3% over the past three months through Friday, while the S&...
Newell Brands Inc (NASDAQ: NWL) has agreed to repurchase about 5 million of its common shares owned by Carl C. Icahn and his associates. Newell will buy back the shares at a purchase price of $25.86 per share, the closing price of its shares on February 18, 2022. The company will use cash on hand and its existing credit facility to fund the share repurchase. It held $477 million in cash and equivalents as of December 31, 2021. The company expects to close the share repurchase no later than Febru
ATLANTA, February 22, 2022--Newell Brands Inc. (NASDAQ: NWL) announced today that on February 21, 2022, it entered into an agreement to repurchase approximately $275 million of the company’s common shares beneficially owned by Carl C. Icahn and certain of his affiliates ("Icahn Enterprises"), at a purchase price of $25.86 per share, the closing price of Newell Brands’ common shares on February 18, 2022, the last trading day prior to the execution of the purchase agreement. Newell Brands will uti
Newell Brands Inc. ( NASDAQ:NWL ) stock is about to trade ex-dividend in four days. Typically, the ex-dividend date is...
ATLANTA, February 17, 2022--Newell Brands Inc. (NASDAQ: NWL) announced today that President and Chief Executive Officer, Ravi Saligram, and Chief Financial Officer and President, Business Operations, Chris Peterson, will present at the 2022 Consumer Analyst Group of New York (CAGNY) Conference, which will be held virtually. The presentation will begin at 12:40 P.M. ET on Friday, February 25, 2022.
Rating Action: Moody's upgrades Resideo's CFR to Ba2 from Ba3; outlook stableGlobal Credit Research - 16 Feb 2022Approximately $1.95 million of debt securities affectedNew York, February 16, 2022 -- Moody's Investors Service (Moody's) upgraded Resideo Funding Inc.'s (Resideo) Corporate Family Rating to Ba2 from Ba3 and Probability of Default Rating to Ba2-PD from Ba3-PD. Moody's also upgraded the ratings on Resideo's upsized first lien senior secured term loan and revolving credit facility to Ba1 from Ba2, the rating on senior unsecured notes to Ba3 from B1, and the company's Speculative Grade Liquidity Rating to SGL-1 from SGL-2.
Jefferies analyst Kevin Grundy maintained a Buy rating on Newell Brands (NWL – Research Report) yesterday and set a price target of $36.00. The company's shares closed last Monday at $24.92. According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.1% and a 62.4% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Energizer Holdings, and Colgate-Palmolive. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newell Brands with a $28.60 average price target, representing a 16.6% upside. In a report issued on February 12, J.P.