Shares of Hain Celestial HAIN are climbing on unusual volume on Friday after the company reported earnings yesterday morning and the CEO appeared on CNBC's Mad Money with Jim Cramer last night. HAIN reported earnings per share of $0.25, which was in line with analysts' estimates. Revenues were up 11.9% year over year.
The stock has gained 3.20% to $26.30 on Friday. Around 350,000 shares have already changed hands compared to a daily average volume of 283,000. Year-to-date, the stock has risen 55%. Noted investor Carl Icahn is a large shareholder in the company. Icahn Capital owns around 6.77% of the shares outstanding.
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