Director Taylor Carlyn R. buys 130,000 HAIN shares at $1.76; stock down 81.8% from 52-week high, company unprofitable
Taylor Carlyn R. purchased 130,000 shares at $1.76, increasing holdings by 177.0% from 73.4K to 203.4K shares, amid significant stock deterioration: the company's shares have declined -81.8% from the 52-week high of $9.09 and are trading at $1.65 today, -45.9% over the past 30 days and -62.8% over 90 days. The timing is notable: this buy follows a coordinated cluster pattern, with 4 other insiders also purchasing within the past 14 days. However, the company's fundamentals present a concerning backdrop—net income was negative at $-134.6M, annual revenue declined -3.4%, and the firm remains unprofitable on a full-year basis despite generating $390.4M in quarterly revenue. His prior buy at HAIN on 2023-11-13 experienced -12.3% returns over the same 90-day window, suggesting this is not the first accumulation attempt during a period of company distress.