2023-03-16 07:11:49 ET
Carl Icahn trimmed his stake in Newell Brands ( NASDAQ: NWL ) on Wednesday, according to a new SEC filing from the U.S. manufacturer.
The famed investor now holds a 7.38% position in Newell Brands ( NWL ) through his various entities after previous holding a stake of around 8%. Carl Icahn first started to build up his position in Newell Brands in Q1 of 2018 and snapped up shares incrementally until Q1 of 2020.
Earlier in the week, shares of Newell Brands ( NWL ) rallied after Chief Financial Officer Marc Erceg bought 76,925 shares of the company' stock.
Shares of Newell Brands ( NWL ) fell 1.66% in premarket trading on Thursday to $12.00 vs. the 52-week trading range of $11.75 to $24.70.
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Newell Brands slips after Carl Icahn lightens stake