Haleon (NYSE:HLN) Shares Gap Up to $8.17

Haleon plc (NYSE:HLNGet Rating)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $8.17, but opened at $8.34. Haleon shares last traded at $8.40, with a volume of 952,817 shares.

Analyst Ratings Changes

Several equities research analysts have commented on HLN shares. Sanford C. Bernstein started coverage on Haleon in a research note on Tuesday. They set an “outperform” rating for the company. Investec started coverage on Haleon in a research report on Thursday, February 23rd. They issued a “sell” rating for the company. Barclays upped their price target on Haleon from GBX 360 ($4.47) to GBX 364 ($4.52) in a research report on Tuesday, January 31st. Finally, Morgan Stanley upgraded Haleon from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $364.00.

Haleon Stock Performance

The business has a 50 day simple moving average of $8.04 and a 200 day simple moving average of $7.32.

Haleon Dividend Announcement

The company also recently declared a — dividend, which will be paid on Thursday, April 27th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.0577 per share. This represents a yield of 0.7%. The ex-dividend date is Thursday, March 16th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HLN. New England Research & Management Inc. acquired a new position in Haleon during the third quarter worth $181,000. Stonebridge Capital Management Inc. acquired a new stake in shares of Haleon in the third quarter valued at $68,000. DAVENPORT & Co LLC acquired a new stake in shares of Haleon in the third quarter valued at $181,000. Jacobs & Co. CA acquired a new stake in shares of Haleon in the third quarter valued at $1,027,000. Finally, Bonness Enterprises Inc. acquired a new stake in shares of Haleon in the third quarter valued at $403,000. 6.67% of the stock is currently owned by institutional investors and hedge funds.

About Haleon

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Haleon plc engages in the research and development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company provides therapeutic oral health, pain relief, respiratory health, digestive health, and other products, as well as vitamins, minerals, and supplements.

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