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Bear of the Day: Hain Celestial (HAIN)

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Today’s Bear of the Day is a stock that used to be a favorite among traders. This stock rocketed highs from a low near $15 at the start of 2019, tripling to $45 in Q1 of 2021. Everything looked great as earnings revisions kept coming in to the upside. However, a disturbing trend has popped up recently as the stock has rolled over. Those estimates have been moving in a negative direction.

Those negative earnings estimate revisions are what’s making the stock a Zacks Rank #5 (Strong Sell). I’m talking about The Hain Celestial Group HAIN. The Hain Celestial Group, Inc. manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler,........

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