Hain Celestial Group Inc HAIN shares are trading higher by $3.00 (9 percent) at $38.82 in Thursday's session. After Wednesday's close, the company said it found no evidence of intentional wrongdoing and has begun to implement a remediation plan to strengthen the organization.
Despite the rally, the issue is still a long ways away from its close on August 15 ($53.40), the day before accounting issues were first raised about the company.
Off the open, the issue immediately found resistance ahead just ahead of the high from August 16 ($40.35), only reaching $39.60. So far, the retreat has found support ahead of the upper-end of Tuesday's range ($36.22) at $37.85.
The rebound off the low stalled at $39.22 and the issue is attempting to remain in the $39 handle.
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