Newell Brands Inc. Stock Falls 5.5%, Underperforms Peers

Dow Jones11-04 05:35

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Newell Brands Inc. slid 5.5% to $5.63 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.4% to 7,568.92 and the Dow Jones Industrial Average falling 0.4% to 51,786.72.

The stock's fall snapped a two-day winning streak.

Newell Brands Inc. closed 21.0% short of its 52-week high of $7.13, which the company reached on July 31st.

The stock underperformed when compared to some of its peers, as Procter & Gamble Co. fell 0.9% to $162.06, Clorox Co. rose 4.3% to $93.80, and Avery Dennison Corp. fell 0.87% to $185.38.

Trading volume totaled 8.2 million, compared to the 50-day average of 6.0 million.

Data source: Dow Jones Market Data, FactSet

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