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BofA Securities analysts reiterates a Buy rating for Hasbro, Inc (HAS)

Hasbro, Inc’s recently made public that its EVP & Chief Revenue Officer Austin Matthew Edward unloaded Company’s shares for reported $0.11 million on Nov 29 ’24. In the deal valued at $65.06 per share,1,718 shares were sold. As a result of this transaction, Austin Matthew Edward now holds 36,828 shares worth roughly $2.41 million.

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Then, MATTHEW AUSTIN bought 1,718 shares, generating $111,782 in total proceeds.

Before that, Sibley Tarrant L. sold 13,000 shares. Hasbro, Inc shares valued at $783,442 were divested by the EVP, CLO and Corp Secretary at a price of $60.26 per share. As a result of the transaction, Sibley Tarrant L. now holds 53,003 shares, worth roughly $3.46 million.

BofA Securities reiterated its Hasbro, Inc [HAS] rating to a Buy in a research note published on September 16, 2024; the price target was $90. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. JP Morgan also remained covering HAS and has increased its forecast on May 23, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Monness Crespi & Hardt maintained its rating on April 25, 2024. It rated HAS as “a Buy”.

Price Performance Review of HAS

On Tuesday, Hasbro, Inc [NASDAQ:HAS] saw its stock jump 0.91% to $65.32. Over the last five days, the stock has gained 1.51%. Hasbro, Inc shares have risen nearly 27.93% since the year began. Nevertheless, the stocks have risen 34.79% over the past one year. While a 52-week high of $73.46 was reached on 10/01/24, a 52-week low of $46.09 was recorded on 02/13/24. SMA at 50 days reached $67.66, while 200 days put it at $61.92.

Levels Of Support And Resistance For HAS Stock

The 24-hour chart illustrates a support level at 64.68, which if violated will result in even more drops to 64.04. On the upside, there is a resistance level at 65.71. A further resistance level may holdings at 66.10. The Relative Strength Index (RSI) on the 14-day chart is 52.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.78%. Stochastics %K at 78.84% indicates the stock is a holding.

How much short interest is there in Hasbro, Inc?

A steep rise in short interest was recorded in Hasbro, Inc stocks on 2024-11-15, growing by 0.78 million shares to a total of 4.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.48 million shares. There was a rise of 18.29%, which implies that there is a positive sentiment for the stock.

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