Newell Brands stock slips 3.68% in grim market session
Updated
Updated · MarketWatch · May 7
Newell Brands stock slips 3.68% in grim market session
10 articles · Updated · MarketWatch · May 7
Shares closed at $4.45 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
The stock finished 32.93% below its 52-week high of $6.64 reached on 5 September and lagged peers including Procter & Gamble, Clorox and Avery Dennison.
Trading volume reached 6.4 million shares, above its 50-day average of 6.0 million, indicating heavier activity during the broad market sell-off.
After a surprise earnings beat, why did a top executive sell nearly half a million dollars in stock?
Is Newell Brands' high dividend a sign of a cheap stock or a warning of a potential value trap?
Can Newell's premium product strategy succeed when consumers are cutting back on discretionary spending?