Hain Celestial Group Inc (NASDAQ: HAIN)
Hain Celestial Group is having an overwhelmingly rough day in the market today. While the trading session just opened, the stock is already trading down in a big way. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to HAIN moving forward. So, let’s get right to it…
What We’re Seeing From HAIN
As mentioned above, Hain Celestial Group isn’t having the best of days in the market today. Unfortunately, it’s actually one of the worst days the stock has seen. While the session has only been open for a minute at the moment, the stock is already trading with incredible losses. At the moment (9:31), HAIN is trading at $33.72 per share after a loss of $4.81 er share or 12.47% thus far today.
Why The Stock Is Falling
As is almost always the case, our partners at Trade Ideas were the first to alert us of the declines on HAIN. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. It didn’t take long to uncover the story. Unfortunately, the losses are being caused by a delay in earnings announced by the company.
Hain Celestial Group was already expected to report its earnings for the fourth quarter. Unfortunately however, that hasn’t happened quite yet. In fact, the company announced that there would be a delay to the earnings release. There’s also news surfacing that the SEC has opened an investigation into the company.
What We’ll Be Watching For Ahead
While we know that HAIN delayed the release of earnings, we’re still not sure as to why. As a result, the CNA Finance team will continue to watch for clues as to why. We’re also watching news surrounding the SEC investigation. Of course, we will continue to update you, our valued audience, with the news as it breaks!
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