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
Amazon.com Inc. Stock
€170.66
-0.160%
The stock is an absolute favorite of our community with 145 Buy predictions and no Sell predictions.
As a result the target price of 188 € shows a slightly positive potential of 10.16% compared to the current price of 170.66 € for Amazon.com Inc..
