Hasbro, Inc.’s filing revealed that its EVP, CLO and Corp Secretary Sibley Tarrant L. unloaded Company’s shares for reported $0.78 million on May 29 ’24. In the deal valued at $60.26 per share,13,000 shares were sold. As a result of this transaction, Sibley Tarrant L. now holds 53,003 shares worth roughly $3.17 million.
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JP Morgan upgraded its Hasbro, Inc. [HAS] rating to an Overweight from a a Neutral in a research note published on May 23, 2024; the price target was increased to $74 from $61. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Buy”‘ rating for it. DA Davidson also remained covering HAS and has decreased its forecast on January 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on October 27, 2023. It rated HAS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HAS
On Friday, Hasbro, Inc. [NASDAQ:HAS] saw its stock fall -0.86% to $59.78. Over the last five days, the stock has lost -0.94%. Hasbro, Inc. shares have risen nearly 17.08% since the year began. Nevertheless, the stocks have risen 0.72% over the past one year. While a 52-week high of $73.57 was reached on 04/24/24, a 52-week low of $42.66 was recorded on 02/13/24. SMA at 50 days reached $58.93, while 200 days put it at $55.35. A total of 14.53 million shares were traded, compared to the trading of 2.29 million shares in the previous session.
Levels Of Support And Resistance For HAS Stock
The 24-hour chart illustrates a support level at 59.12, which if violated will result in even more drops to 58.46. On the upside, there is a resistance level at 60.74. A further resistance level may holdings at 61.71. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.40%. Stochastics %K at 32.40% indicates the stock is a holding.
The most recent change occurred on October 20, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $62 price target.
