Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Hain Celestial Group Inc. shares valued at $468,630 were sold by Schiller Mark L. on Feb 17. At $18.75 per share, Schiller Mark L. sold 25,000 shares. The insider’s holdings dropped to 222,493 shares worth approximately $2.84 million following the completion of this transaction.
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Also, Schiller Mark L. sold 25,000 shares, netting a total of over 472,620 in proceeds. Following the sale of shares at $18.90 each, the insider now holds 247,493 shares.
Analyzing HAIN Stock Performance
On Thursday, The Hain Celestial Group Inc. [NASDAQ: HAIN] plunged -3.26% to $12.75. The stock’s lowest price that day was $12.62, but it reached a high of $13.10 in the same session. During the last five days, there has been a drop of approximately -4.57%. Over the course of the year, The Hain Celestial Group Inc. shares have dropped approximately -21.20%. Shares of the company reached a 52-week high of $22.14 on 02/02/23 and a 52-week low of $12.62 on 05/25/23. A 50-day SMA is recorded $16.35, while a 200-day SMA reached $18.14. Nevertheless, trading volume fell to 1.33 million shares from 0.97 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 12.55, which, if violated, would cause prices to drop to 12.34. In the upper region, resistance lies at 13.03. The next price resistance is at 13.30. RSI (Relative Strength Index) is 22.57 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.98, which suggests the price will decrease in the coming days. Percent R is at 97.41%, 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 steep in short interest on May 14, 2023 dropping by -0.99 million shares to 3.33 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 4.32 million shares. A decline of -29.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.31 of the overall float, the days-to-cover ratio (short ratio) decline to 4.31.
Which companies own the most shares of The Hain Celestial Group Inc. (HAIN)?
According to BlackRock Fund Advisors filings, the company currently owns 13,733,201 shares, which is about 15.36% of the total HAIN shares outstanding. The investor’s shares have plunged by -405,251 from its previous 13-F filing of 14138452.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $191,095,681. AllianceBernstein LP acquire a 5.38% interest valued at $135.14 million while Black Creek Investment Management purchased a 232,596 stake. A total of 38,991 shares of The Hain Celestial Group Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 234,099 were bought by PGGM Vermogensbeheer BV. In its current portfolio, Manulife Investment Management holds 2,795,793 shares valued at $50.13 million.
In terms of The Hain Celestial Group Inc. share price expectations, FactSet research, analysts set an average price target of $18.25 in the next 12 months, up nearly 25.19% from the previous closing price of $13.18. Analysts anticipate The Hain Celestial Group Inc. stock to reach $30.00 by 2023, with the lowest price target being $14.00. In spite of this, 14 analysts ranked The Hain Celestial Group Inc. stock as an Overweight at the end of 2023.