Hain Celestial Group Inc

Given the clear Stage 4 decline supported by lower highs/lows and downward-sloping EMAs, we maintain a medium-term bearish stance. A recent oversold bounce below EMAs suggests price is extended but not indicative of structural reversal. Under a speculative mandate, we defer selling until a decisive rally toward resistance offers a higher-probability entry to trim positions.

• ↑Divested North American snacks for $115 M, targeting gross margins >30% and EBITDA margins in low double digits
• ↑Q3 free cash flow improved to $35 M vs –$2 M YoY, aided by inventory DIO down to 73 days
• ↓Q3 organic net sales fell 6% YoY to $333 M, with snacks segment down 19%