$NWL upgraded to strong positive on 12-Mar-20

$NWL upgraded to strong positive on 12-Mar-20

Newell Brands Inc – (NWL, +1) – Brett Icahn (Director, 2018) purchased $3.2 million worth of stock on March 9th at $13.22, adding to the $6.6 million he purchased from March 4-5th. These purchases are direct and take his holdings to 1 million shares. Carl Icahn (10% holder) purchased 2.6 million shares on March 11th at $13.41, taking his indirect holdings to 43.7 million shares. This is the first Form 4 reported purchase from Carl Icahn. We ranked this stock +N on March 10th based on buying from the CEO, CFO and CAO, along with Brett Icahn. These additional large purchases are allowing us to upgrade the stock further from +N to +1.

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