Rubbermaid Parent Newell Brands Stock Soars as It Says Turnaround Plan Working

Key TakeawaysNewell Brands said its turnaround plan is on track as the maker of consumer products announced it had reduced its losses.CEO Chris Peterson said the company's "business transformation is well underway."The news sent shares of Newell Brands into positive territory for the year. Newell Brands (NWL) shares soared nearly 25% Friday afternoon as the maker of consumer products said its turnaround plan is "on track." The owner of brands such as Rubbermaid, Graco, and Coleman reported it cut its year-o ...