Newell Brands Inc. (NASDAQ:NWL) director Patrick D. Campbell sold a significant portion of his holdings in the company on May 10, 2024. The transaction involved the sale of 50,000 shares at an average price of $8.04, totaling approximately $402,000.
The shares were sold in multiple transactions at prices ranging from $8.04 to $8.06. Following the sale, Campbell's remaining stake in the company stands at 18,477 shares of common stock. This move comes as part of the regular financial activities disclosed by company insiders, providing transparency to investors and the market.
Newell Brands, a leading global consumer goods company with a strong portfolio of well-known brands, has seen its shares trade in various price ranges over the past year. Insider transactions such as Campbell's are closely monitored by investors for insights into the company's performance and the confidence level of its top executives and directors.
For shareholders or the staff of the Securities and Exchange Commission interested in the detailed breakdown of the sale prices, Campbell has agreed to provide full information upon request.
The sale by the director is a routine disclosure, yet it offers a glimpse into the actions of Newell Brands' insiders and could be of interest to current and potential investors. Campbell's remaining shares indicate a continued investment in the company's future despite the recent sale.
InvestingPro Insights
As investors digest the news of Newell Brands Inc. (NASDAQ:NWL) director Patrick D. Campbell's recent sale of company stock, it's worth considering the broader performance of Newell Brands' shares. Despite the insider sale, the company's stock has demonstrated resilience over various time frames. The one-week price total return as of Day 135 in 2024 shows a modest uptick of 1.76%, while the one-month return has grown by 2.53%. More notably, the six-month price total return reflects a significant increase of 14.37%, showcasing a robust mid-term performance.
Year-to-date, Newell Brands' shares have also seen a healthy appreciation, with an 8.01% total return. This is further underscored by the one-year price total return, which stands at an impressive 17.74%. The previous closing price of the stock was at $118.09, indicating a potential sustained interest from the investment community.
An InvestingPro Tip suggests that insider sales, like those of Campbell, can sometimes offer an incomplete picture of a company's trajectory. It's important to consider the context of the company's overall stock performance when evaluating such transactions. For those looking to delve deeper into the financial nuances of Newell Brands, InvestingPro provides a comprehensive array of additional tips. In fact, there are 5 more InvestingPro Tips available for those interested in gaining a more nuanced understanding of the company's financial outlook.
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