Among the S&P 500’s biggest fallers on Monday November 11 was Newell Brands Inc. (NWL). The stock experienced a 4.15% decline to $19.53 with 3.76 million shares changing hands.
Newell Brands Inc. started at an opening price of 20.08 and hit a high of $20.12 and a low of $19.32. Ultimately, the stock took a hit and finished the day at $0.845 per share. Newell Brands Inc. trades an average of n/a shares a day out of a total 423.4 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Newell Brands Inc. hit a high of $24.57 and a low of $13.04 over the last year.
Newell Brands Inc is an American global consumer goods company. The business activities of the group are functioned through three segments. The Food and Appliances segment manufactures or sources, markets and distributes a diverse line of household products. The Home and Outdoor Living segment manufactures or sources, markets and distributes global consumer active lifestyle products for outdoor and outdoor-related activities, home fragrance products and home security products. The Learning and Development segment designs manufactures or sources, markets and distributes writing instruments, including markers and highlighters, pens and pencils; art products; labeling solutions; baby gear and infant care products. The group derives majority of revenue from Home and Outdoor Living segment.
With its headquarters located in Hoboken, NJ, Newell Brands Inc. employs 37,000 people. After today’s trading, the company’s market cap has fallen to $8.27 billion, a P/S of n/a, a P/B of 2, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
