Shares of The Hain Celestial Group (HAIN) Sees Large Outflow of Money

The Hain Celestial Group (HAIN) : Money flow in the The Hain Celestial Group (HAIN) stock was negative (0.65 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.82 million, compared to $2.47 million on downticks. The total uptick to downtick ratio was 0.73, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.57 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.57 million, indicating persistent selling. The Hain Celestial Group (HAIN) traded $0.04 higher at $37.24 gaining 0.11% over the previous days close.


Also, Brokerage firm Buckingham Research maintains its rating on The Hain Celestial Group (NASDAQ:HAIN). As per the latest information, the brokerage house lowers the price target to $40 per share from a prior target of $44. The shares have been rated Neutral. The rating by the firm was issued on August 26, 2016.

Shares of The Hain Celestial Group, Inc. appreciated by 0.08% during the last five trading days but lost 30.15% on a 4-week basis. The Hain Celestial Group, Inc. has dropped 25.01% during the last 3-month period . Year-to-Date the stock performance stands at -8.1%.

The Hain Celestial Group (NASDAQ:HAIN): The stock opened at $37.06 on Tuesday but the bulls could not build on the opening and the stock topped out at $37.33 for the day. The stock traded down to $36.75 during the day, due to lack of any buying support eventually closed down at $37.12 with a loss of -0.22% for the day. The stock had closed at $37.20 on the previous day. The total traded volume was 2,205,601 shares.

In a related news, The Securities and Exchange Commission has divulged that Weiner Ross, officer (VP & Chief Accounting Officer) of Hain Celestial Group Inc, had unloaded 378 shares at an average price of $62.11 in a transaction dated on May 20, 2015. The total value of the transaction was worth $23,478.

The Hain Celestial Group, Inc. manufactures, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company operates in five segments: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The Companys brands include Almond Dream, Arrowhead Mills, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earths Best, Ellas Kitchen, Europes Best, Farmhouse Fare, Frank Coopers, Gales, Garden of Eatin, GG UniqueFiber, Hartleys, Health Valley, Imagine, Johnsons Juice Co., Lima, Linda McCartney, MaraNatha, New Covent Garden Soup Co., Rice Dream, Robertsons, Rudis Organic Bakery, Rudis Gluten-Free Bakery, Sensible Portions, Spectrum, Spectrum Essentials and Soy Dream, among others. Its markets its personal care products under the Alba Botanica, Avalon Organics, Earths Best, JASON and Queen Helene brands. In addition, it offers the Joya and Happy brands.

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