Insider Trends: Insider Sale at Newell Brands Slowing 90-Days of Buying
04:19 PM EDT, 05/11/2021 (MT Newswires) -- Christopher H Peterson, CFO & President, Bus. Op., on May 07, 2021, sold 39,378 shares in Newell Brands (NWL) for $1,153,775. Subsequent to the Form 4 filing with the SEC, Peterson owns 113,101 shares of company stock, which have a market value of $3.31 million as of the prior-day closing price.
During the most recent 90-day period, previous to the date of this filing, there have been 11 insider transactions reported to the SEC for Newell Brands. These transactions came from the activities of 7 different insiders that resulted in a net acquisition of 85,478 company shares. Relative to the preceding 90-day window of time, there were 7 transactions from 4 insiders that resulted in the net acquisition of 71,563 shares.
This level of insider transactions is below that of the peer group average in the 11-company Appliances, Tools & Housewares peer group over the last 90-day period. Peer group activity averaged 71.8 transactions per company, with company insiders acquiring on average 358,370 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/814453/000081445321000103/xslF345X03/wf-form4_162076417355282.xml
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.