On November 5, 2024, Bradford Turner, Chief Legal & Administrative Officer, sold 20,000 shares of Newell Brands Inc (NWL, Financial) at a price of $8.96 per share. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 230,254 shares of the company.
Newell Brands Inc, a notable player in the consumer goods sector, is known for its diverse portfolio of commercial and consumer products ranging from home appliances to outdoor and recreational items. The company's brands include Rubbermaid, Sharpie, Graco, Calphalon, and Oster among others.
Over the past year, Bradford Turner has sold a total of 40,000 shares of Newell Brands Inc and has not made any purchases of the stock. This recent sale is part of a broader trend within the company, where there have been three insider sells and no insider buys over the last year.
Shares of Newell Brands Inc were trading at $8.96 on the day of the sale, giving the company a market cap of approximately $3.79 billion. According to the GF Value, the intrinsic value of the stock is estimated at $9.43, indicating that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.95.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of corporate sentiment. The transaction details and the current valuation metrics provide a comprehensive view of the insider's recent activity and the company's stock value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
