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DA Davidson gives a Neutral recommendation 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 $2.52 million.

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 $3.62 million.

A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. BofA Securities also remained covering HAS and reiterated its “Buy” recommendation on September 16, 2024. BofA Securities revised its rating on June 14, 2024. It rated HAS as “a Buy” which previously was an “a Neutral”.

Price Performance Review of HAS

On Tuesday, Hasbro, Inc [NASDAQ:HAS] saw its stock jump 0.26% to $68.36. Over the last five days, the stock has gained 3.84%. Hasbro, Inc shares have risen nearly 22.27% since the year began. Nevertheless, the stocks have risen 14.93% over the past one year. While a 52-week high of $73.46 was reached on 02/20/25, a 52-week low of $49.00 was recorded on 04/09/25. SMA at 50 days reached $59.56, while 200 days put it at $63.22.

Levels Of Support And Resistance For HAS Stock

The 24-hour chart illustrates a support level at 68.00, which if violated will result in even more drops to 67.64. On the upside, there is a resistance level at 68.80. A further resistance level may holdings at 69.24. The Relative Strength Index (RSI) on the 14-day chart is 72.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.08%. Stochastics %K at 97.18% indicates the stock is a selling.

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