The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. The Hain Celestial Group Inc. shares valued at $26,569,998 were sold by Welling Glenn W. on May 17. At $26.00 per share, Welling Glenn W. sold 1,021,923 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Welling Glenn W. sold 209,238 shares, netting a total of over 5,606,700 in proceeds. Following the sale of shares at $26.80 each, the insider now holds 73,529 shares.
Before that, Welling Glenn W. had sold 10,833 shares from its account. In a trade valued at $378,926, the Director traded The Hain Celestial Group Inc. shares for $34.98 each. Upon closing the transaction, the insider’s holdings decreased to 10,833 shares, worth approximately $1.81 million.
As published in their initiating research note from CL King on May 24, 2022, The Hain Celestial Group Inc. [HAIN] has been a Buy and the price target has been revised to $35. This represents a 33.89% premium over Wednesday’s closing price. Analysts at Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of February 08, 2022, Consumer Edge Research has increased its “an Equal weight” rating to a “an Overweight” for HAIN. Earlier on January 27, 2022, Mizuho initiated its rating. Their recommendation was “a Buy” for HAIN stock.
Analyzing HAIN’s Price Performance
On Wednesday, The Hain Celestial Group Inc. [NASDAQ: HAIN] plunged -1.57% to $23.14. The stock’s lowest price that day was $23.14, but it reached a high of $24.02 in the same session. During the last five days, there has been a drop of approximately -0.22%. Over the course of the year, The Hain Celestial Group Inc. shares have dropped approximately -45.69%. Shares of the company reached a 52-week high of $43.53 on 01/05/22 and a 52-week low of $22.55 on 06/16/22. A 50-day SMA is recorded $28.37, while a 200-day SMA reached $36.58. Nevertheless, trading volume fell to 1.61 million shares from 1.88 million shares the previous day.
Support And Resistance Levels for The Hain Celestial Group Inc. (HAIN)
According to the 24-hour chart, there is a support level at 22.85, which, if violated, would cause prices to drop to 22.55. In the upper region, resistance lies at 23.73. The next price resistance is at 24.31. RSI (Relative Strength Index) is 31.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.29, which suggests the price will decrease in the coming days. Percent R is at 86.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of The Hain Celestial Group Inc. (HAIN)?
According to The Vanguard Group, Inc. filings, the company currently owns 8,572,254 shares, which is about 9.55% of the total HAIN shares outstanding. The investor’s shares have plunged by -132,606 from its previous 13-F filing of 8704860.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $185,566,081. AllianceBernstein LP acquire a 7.65% interest valued at $162.64 million while Black Creek Investment Management purchased a 66,371 stake. A total of 3,034 shares of The Hain Celestial Group Inc. were bought by Segall Bryant & Hamill LLC during the quarter, and 167,520 were bought by ClearBridge Investments LLC. In its current portfolio, Thrivent Asset Management LLC holds 2,707,301 shares valued at $71.34 million.
In terms of The Hain Celestial Group Inc. share price expectations, FactSet research, analysts set an average price target of $35.46 in the next 12 months, up nearly 44.62% from the previous closing price of $23.51. Analysts anticipate The Hain Celestial Group Inc. stock to reach $50.00 by 2022, with the lowest price target being $30.00. In spite of this, 17 analysts ranked The Hain Celestial Group Inc. stock as an Overweight at the end of 2022. On November 18, 2021, Evercore ISI assigned a price target of “an Outperform” to the stock and upgraded coverage with a $48.