Hain Celestial (HAIN) Shares Skyrocket, What You Need To Know

Shares of natural food company Hain Celestial (NASDAQ:HAIN) jumped 8.8% in the afternoon session after multiple insiders, including the company’s interim CEO, disclosed significant purchases of company stock, signaling strong confidence from leadership.

Interim President and CEO, Alison Lewis, acquired shares totaling more than $112,000 across two days. This was followed by another insider, Neil Campbell, who purchased over $95,000 worth of the company’s stock.

These buys were particularly noteworthy because they occurred as the stock traded near its 52-week low, having fallen significantly over the previous year. For many investors, when top executives buy their own company’s shares on the open market, it is viewed as a strong vote of confidence. It suggested that those with the most insight into the company’s future believed the stock was undervalued.

After the initial pop the shares cooled down and closed the day at $1.65, up 7.5% from previous close.

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Hain Celestial’s shares are extremely volatile and have had 55 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 5 days ago when the stock dropped 3.4% on the news that investment firm Stephens downgraded the stock to Equalweight from Overweight and slashed its price target.

The downgrade followed a string of bad news that sent the stock tumbling the previous day. Hain Celestial reported disappointing fiscal fourth-quarter results, missing analyst expectations on both profit and revenue. The natural food company posted an adjusted loss when Wall Street looked for a profit, and sales declined 13% year-over-year. Weakness was clear in its North America segment, where organic sales dropped 14%, hit by poor performance in snacks and meal prep. Compounding the negative sentiment, Mizuho also kept a Neutral rating but cut its price target by 40% a day prior. The company gave no financial guidance for the next fiscal year, citing a lack of visibility, which left investors with more uncertainty.

Hain Celestial is down 71.7% since the beginning of the year, and at $1.70 per share, it is trading 81.3% below its 52-week high of $9.09 from October 2024. Investors who bought $1,000 worth of Hain Celestial’s shares 5 years ago would now be looking at an investment worth $49.90.

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