Why Hain Celestial Stock Fell 12.5% in October
Hain Celestial (NASDAQ: HAIN) stock fell 12.5% in October, according to data from S&P Global Market Intelligence, as speculation about the company being bought out waned and a ratings downgrade from BMO Capital spurred sell-offs.
Image source: Hain Celestial.
Hain Celestial stock posted big gains over the summer, as the company emerged from an accounting review and audit conducted by the Securities and Exchange Commission with favorable findings. With regulatory issues out of the way, shares climbed on the possibility of the company being acquired, but lost ground in October as the related excitement abated.
Source: Fool.com
Hain Celestial Grp Stock
€7.20
-5.300%
Currently there is a rather positive sentiment for Hain Celestial Grp with 4 Buy predictions and 1 Sell predictions.
With a target price of 16 € there is potential for a 122.22% increase which would mean more than doubling the current price of 7.2 € for Hain Celestial Grp.
