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Hain Celestial (HAIN) Surges: Stock Moves 8.6% Higher

Zacks Equity Research
Updated

The Hain Celestial Group, Inc. HAIN was a big mover last session, as the company saw its shares rise almost 9% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $31.60 to $35.96 in the past one-month time frame.

The upside was driven after an activist hedge fund unveiled a huge share in the company.

The company has seen five negative estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Hain Celestial currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.

The Hain Celestial Group, Inc. Price

The Hain Celestial Group, Inc. Price | The Hain Celestial Group, Inc. Quote

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A better-ranked stock in the Food industry is Nomad Foods Limited NOMD, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is HAIN going up? Or down? Predict to see what others think: Up or Down

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