Hain Celestial Posts Upbeat Q4 Earnings, Joins Soleno Therapeutics, Energizer Holdings And Other Big Stocks Moving Higher On Tuesday
Portfolio Pulse from Avi Kapoor
Hain Celestial reported better-than-expected Q4 earnings, leading to a 34.2% increase in its stock price. Other stocks like Soleno Therapeutics and Energizer Holdings also saw gains due to positive news and analyst upgrades.
August 27, 2024 | 2:38 pm
News sentiment analysis
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POSITIVE IMPACT
Energizer Holdings' stock increased by 5.3% after Truist Securities upgraded the stock from Hold to Buy and raised its price target from $30 to $40.
The upgrade and increased price target from Truist Securities likely contributed to the rise in Energizer Holdings' stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Hain Celestial's stock surged 34.2% after reporting Q4 adjusted EPS of 13 cents, beating the consensus estimate of 8 cents, despite missing revenue expectations.
The significant beat on EPS expectations led to a substantial increase in Hain Celestial's stock price, indicating strong investor confidence despite the revenue miss.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Soleno Therapeutics' stock rose 5.5% after the FDA accepted its NDA for DCCR tablets for Prader-Willi Syndrome, granting it priority review.
The FDA's acceptance and priority review of Soleno's NDA is a positive development, likely boosting investor sentiment and stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 80