Hasbro (HAS) has been under a strong bear grip, hence the stock is down -4.59% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.59% in the past 1 week. The stock has risen by 0.65% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.6% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 0.86%. Hasbro (NASDAQ:HAS): On Fridays trading session , Opening price of the stock was $82.79 with an intraday high of $82.82. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $82.12. However, the stock managed to close at $82.42, a loss of 0.52% for the day. On the previous day, the stock had closed at $82.85. The total traded volume of the day was 620,428 shares.
The company Insiders own 11.8% of Hasbro shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.94% . Institutional Investors own 79.54% of Hasbro shares. During last six month period, the net percent change held by insiders has seen a change of -13.73%. Also, Equity Analysts at the PiperJaffray upgrades the rating on Hasbro (NASDAQ:HAS). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 19, 2016.
Hasbro, Inc. (Hasbro), through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. Its brand blueprint involves re-imagining, re-inventing, and re-igniting its owned and controlled brands, and imagining, inventing and igniting new brands, through toy and game innovation, immersive entertainment offerings, including television programming and motion pictures, and a range of products, ranging from traditional to digital. The Company markets its brands under product categories, which include boys, games, girls and preschool toys. The Companys business operations include United States, Canada, International, Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH and TRANSFORMERS.