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 $1.35 million.
As published in a research note from Consumer Edge Research on August 29, 2022, The Hain Celestial Group Inc. [HAIN] has been rated down from an Overweight to an Equal weight and the price target has been revised to $23. This represents a 24.78% premium over Wednesday’s closing price. Analysts at CL King started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of May 23, 2022, Cowen has initiated its “an Outperform” rating for HAIN. Earlier on February 08, 2022, Consumer Edge Research upgraded its rating. Their new recommendation was “an Overweight” for HAIN stock which previously was a “an Equal weight”.
Analyzing HAIN’s Price Performance
On Wednesday, The Hain Celestial Group Inc. [NASDAQ: HAIN] rose 0.35% to $17.30. The stock’s lowest price that day was $17.28, but it reached a high of $17.85 in the same session. During the last five days, there has been a drop of approximately -8.17%. Over the course of the year, The Hain Celestial Group Inc. shares have dropped approximately -59.40%. Shares of the company reached a 52-week high of $43.53 on 01/05/22 and a 52-week low of $17.23 on 09/20/22. A 50-day SMA is recorded $21.89, while a 200-day SMA reached $30.26. Nevertheless, trading volume fell to 1.15 million shares from 1.14 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 17.10, which, if violated, would cause prices to drop to 16.91. In the upper region, resistance lies at 17.67. The next price resistance is at 18.05. RSI (Relative Strength Index) is 26.50 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.33, which suggests the price will decrease in the coming days. Percent R is at 98.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is The Hain Celestial Group Inc. subject to short interest?
Stocks of The Hain Celestial Group Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.23 million shares to 3.59 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.36 million shares. A jump of 6.41% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.05 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.05.
Which companies own the most shares of The Hain Celestial Group Inc. (HAIN)?
According to BlackRock Fund Advisors filings, the company currently owns 8,791,700 shares, which is about 9.85% of the total HAIN shares outstanding. The investor’s shares have appreciated by 1,749,344 from its previous 13-F filing of 7042356.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $174,198,722. AllianceBernstein LP acquire a 0.41% interest valued at $125.56 million while Black Creek Investment Management sold a -226,600 stake. A total of -997,161 shares of The Hain Celestial Group Inc. were sold by Segall Bryant & Hamill LLC during the quarter, and 271,771 were bought by SSgA Funds Management, Inc. In its current portfolio, ClearBridge Investments LLC holds 2,710,225 shares valued at $54.91 million.
In terms of The Hain Celestial Group Inc. share price expectations, FactSet research, analysts set an average price target of $28.92 in the next 12 months, up nearly 65.31% from the previous closing price of $17.24. Analysts anticipate The Hain Celestial Group Inc. stock to reach $42.00 by 2022, with the lowest price target being $23.00. In spite of this, 16 analysts ranked The Hain Celestial Group Inc. stock as an Overweight at the end of 2022. On January 27, 2022, Mizuho assigned a price target of “a Buy” to the stock and initiated coverage with a $47.