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Hain Celestial Stock Surges Despite Sales Drop
Description
Hain Celestials stock surged sixteen percent despite a thirteen point three percent revenue drop, as investors focused on a cash flow turnaround and progress in a strategic review with Goldman Sachs. The volatile stock, which has seen seventy big swings over five percent in the past year, may find hope in the companys fixes amid demand struggles. However, profitability took a hit from a non-cash impairment charge, and adjusted EBITDA fell short of forecasts. The stock trades at seventy-six cents a share, down twenty-eight percent year to date and sixty-five percent off its fifty-two week high.
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