Why The Hain Celestial Group Inc. Lost 10% Last Month
Shares of The Hain Celestial Group Inc. (NASDAQ: HAIN) took a hit last month when Amazon.com (NASDAQ: AMZN) said it was about to close on Whole Foods Market, and would slash prices on a number of staples. Hain is a key supplier of Whole Foods, and investors seem to think the organic specialist could be a loser in the deal.
Image source: Hain Celestial.
Shares fell 10% for the month, according to data from S&P Global Market Intelligence. As the chart below shows, the stock dove on Aug. 24 as the Amazon news came out.
Source: Fool.com
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