The market has been high on Newell Brands Inc (NWL) stock recently. NWL gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With NWL Stock Today?
Newell Brands Inc (NWL) stock is lower by -0.24% while the S&P 500 is up 0.21% as of 11:02 AM on Friday, May 28. NWL has fallen -$0.07 from the previous closing price of $28.59 on volume of 733,257 shares. Over the past year the S&P 500 is higher by 38.66% while NWL is up 98.19%. NWL earned $1.41 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.28.
To see InvestorsObserver's Sentiment Score for Newell Brands Inc click here.
More About Newell Brands Inc
Newell Brands Inc is an American global consumer goods company. The business activities of the group are functioned through four segments namely, Appliances and Cookware, Food and Commercial, Home and Outdoor Living and Learning and Development. Appliances and Cookware segment generates most of the revenue for the firm which caters club, department store, drug/grocery, home centers, mass merchant, specialty retailers, distributors and e-commerce companies.
Click Here to get the full Stock Score Report on Newell Brands Inc (NWL) Stock.
