Home Stock Earnings Checking in on The Hain Celestial Group Inc. (HAIN) after recent insiders movement

Checking in on The Hain Celestial Group Inc. (HAIN) after recent insiders movement

Checking in on The Hain Celestial Group Inc. (HAIN) after recent insiders movement

In a filing, The Hain Celestial Group Inc. revealed its Director Welling Glenn W. unloaded Company’s shares for reported $26.57 million on May 17. In the deal valued at $26.00 per share,1,021,923 shares were sold. As a result of this transaction, Welling Glenn W. now holds 0 shares worth roughly $ 0.0.

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Then, Welling Glenn W. sold 209,238 shares, generating $5,606,700 in total proceeds. Upon selling the shares at $26.80, the Director now owns 73,529 shares.

Before that, Welling Glenn W. sold 10,833 shares. The Hain Celestial Group Inc. shares valued at $378,926 were divested by the Director at a price of $34.98 per share. As a result of the transaction, Welling Glenn W. now holds 78,267 shares, worth roughly $1.48 million.

Piper Sandler downgraded its The Hain Celestial Group Inc. [HAIN] rating to a Neutral from a an Overweight in a research note published on Friday, October 21, 2022; the price target was decreased to $17 from $23. PT values the company’s stock at a premium of -11.12 to its Friday closing price. A number of analysts have revised their coverage, including Consumer Edge Research’s analysts, who decreased its forecast for the stock in late August from “an Overweight” to “an Equal weight”. CL King began covering HAIN with “Buy” recommendation on May 24, 2022. Cowen started covering the stock on May 23, 2022. It rated HAIN as “an Outperform”.

Price Performance Review of HAIN

On Friday, The Hain Celestial Group Inc. [NASDAQ:HAIN] saw its stock jump 3.73% to $18.89. On the same session, the stock had its day’s lowest price of $18.21, but rose to a high of $18.91. Over the last five days, the stock has gained 0.16%. The Hain Celestial Group Inc. shares have fallen nearly -55.67% since the year began. Nevertheless, the stocks have fallen -58.18% over the past one year. While a 52-week high of $48.88 was reached on 01/05/22, a 52-week low of $15.23 was recorded on 10/13/22. SMA at 50 days reached $17.93, while 200 days put it at $26.48. A total of 1.05 million shares were traded, compared to the trading of 1.23 million shares in the previous session.

Levels Of Support And Resistance For HAIN Stock

The 24-hour chart illustrates a support level at 18.43, which if violated will result in even more drops to 17.97. On the upside, there is a resistance level at 19.13. A further resistance level may holdings at 19.37. The Relative Strength Index (RSI) on the 14-day chart is 59.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.62%. Stochastics %K at 79.46% indicates the stock is a holding.

How much short interest is there in The Hain Celestial Group Inc.?

A steep rise in short interest was recorded in The Hain Celestial Group Inc. stocks on Jul 14, 2022, growing by 0.23 million shares to a total of 3.59 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.36 million shares. There was a rise of 6.41%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.05.

The Hain Celestial Group Inc. [HAIN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,081,205 shares, or roughly 11.29% of the outstanding HAIN shares. In other words, the investor’s shares have risen by 1,483,045 from its previous 13-F filing of 8598160.0. Additionally, BlackRock Fund Advisors increased 24.84% of its stake after which the total value it holdings stand at $148,403,896, while AllianceBernstein LP added 0.41% of its stake to hold $104.62 million in the firm. Over the last quarter, Black Creek Investment Management sold -226,600 shares of The Hain Celestial Group Inc., while Segall Bryant & Hamill LLC sold -997,161 shares. At present, Manulife Investment Management is holding 2,816,643 shares valued at $47.54 million. SSgA Funds Management, Inc. owned 2,766,678 shares of the company at the time of its most recent 13F filing, worth $46.7 million.

According to FactSet, The Hain Celestial Group Inc.’s share price will average $25.45 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.8 percent from its previous closing price of $18.21. Analysts expect The Hain Celestial Group Inc. stock to reach the higher price of $42.00, while the lowest price estimate is $16.00. However, 14 analysts have rated HAIN stock as an Overweight in their predictions for 2022.


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