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Newell Brands (NWL) Looks Good: Stock Adds 8.2% in Session

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Newell Brands Inc. (NWL - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 50.5% in the past one-month time frame.

The move came after the company announced the hiring of its new chief financial officer, Christopher Peterson.

The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Newell Brands. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Newell Brands currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Consumer Products - Staples industry is Ahold NV (ADRNY - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is NWL going up? Or down? Predict to see what others think: Up or Down

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