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. Hain Celestial Group Inc shares valued at $47,294 were purchased by Davidson Wendy P on Feb 13 ’24. At $9.46 per share, Davidson Wendy P acquired 5,000 shares. The insider’s holdings grew to 58,309 shares worth approximately $0.36 million following the completion of this transaction.
Also, ZIER DAWN M. purchased 5,000 shares, netting a total of over 56,250 in proceeds. Following the buying of shares at $11.25 each, the insider now holds 68,755 shares.
Before that, Taylor Carlyn R. had added 18,175 shares to its account. In a trade valued at $199,925, the Director bought Hain Celestial Group Inc shares for $11.00 each. Upon closing the transaction, the insider’s holdings increased to 18,175 shares, worth approximately $0.34 million.
As published in their initiating research note from DA Davidson on March 01, 2024, Hain Celestial Group Inc [HAIN] has been a Neutral and the price target has been revised to $10. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of June 23, 2023, Stephens has initiated its “an Overweight” rating for HAIN. Earlier on May 10, 2023, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for HAIN stock which previously was a “an Underweight”.
Analyzing HAIN Stock Performance
During the last five days, there has been a drop of approximately -10.84%. Over the course of the year, Hain Celestial Group Inc shares have dropped approximately -42.92%. Shares of the company reached a 52-week high of $11.68 on 02/07/24 and a 52-week low of $6.22 on 04/10/24. A 50-day SMA is recorded $9.00, while a 200-day SMA reached $10.63. Nevertheless, trading volume fell to 1.59 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Hain Celestial Group Inc (HAIN)
According to the 24-hour chart, there is a support level at 6.13, which, if violated, would cause prices to drop to 6.00. In the upper region, resistance lies at 6.47. The next price resistance is at 6.68. RSI (Relative Strength Index) is 20.40 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 98.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Hain Celestial Group Inc subject to short interest?
Stocks of Hain Celestial Group Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.33 million shares to 3.83 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.5 million shares. A jump of 8.62% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.13.
