Newell Brands stock rises 2.02% and outperforms competitors
Updated
Updated · MarketWatch · May 8
Newell Brands stock rises 2.02% and outperforms competitors
12 articles · Updated · MarketWatch · May 8
Shares closed at $4.54 on Friday as the S&P 500 gained 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
Newell still finished 31.57% below its 52-week high of $6.64 reached on 5 September.
It beat rival moves, with Procter & Gamble up 0.25%, Clorox up 0.05% and Avery Dennison down 1.22%, while volume of 5.8 million stayed below its 50-day average.
Is Newell's cheap stock and 6% dividend a brilliant bargain or a classic value trap for investors?
With a $150 million tariff bill due, can Newell's ambitious recovery plan actually succeed?