Top 3 Defensive Stocks That Should Keep You Up At Night

10/12/23 7:23:07 AM ET

Catalog/Specialty Distribution

Consumer Discretionary

Biotechnology: Pharmaceutical Preparations

Health Care

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The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70.

Here’s the latest list of major overbought players in this sector.

Hostess Brands, Inc. (NASDAQ:TWNK)

The J. M. Smucker announced plans to acquire Hostess Brands for $34.25 per share, implying a total enterprise value of $5.6 billion. The company’s stock has a 52-week high of $33.74. .
RSI Value: 75.88
TWNK Price Action: Shares of Hostess Brands fell 0.2% to close at $33.30 on Wednesday.

Blue Apron Holdings, Inc. (NASDAQ:APRN)

Blue Apron announced an agreement to be acquired by Wonder Group for $13 per share. The company’s stock has a 52-week high of $33.36.
RSI Value: 77.76
APRN Price Action: Shares of Blue Apron fell 0.1% to close at $12.91 on Wednesday.

Thorne HealthTech, Inc. (NASDAQ:THRN)

Thorne HealthTech recently entered into a definitive agreement to be acquired by L Catterton, a global consumer-focused investment firm, at $10.20 per share in cash. Evercore ISI Group analyst Elizabeth Anderson downgraded Thorne HealthTech from Outperform to Neutral. The company has a 52-week high of $10.20.
RSI Value: 72.44
THRN Price Action: Shares of Thorne HealthTech closed at $10.18 on Wednesday.

Read More: Walgreens, Delta Air Lines And 3 Stocks To Watch Heading Into Thursday

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Recent Analyst Ratings for
$APRN
$THRN
$TWNK

Company	Date	Price Target	Rating	Analyst
Hostess Brands Inc. $TWNK	9/13/2023	$34.00	Market Perform	TD Cowen
Hostess Brands Inc. $TWNK	8/31/2023	$28.00	Overweight → Neutral	JP Morgan
Hostess Brands Inc. $TWNK	7/17/2023	$29.00 → $28.00	Overweight	JP Morgan
Hostess Brands Inc. $TWNK	3/20/2023	$26.00	Neutral	UBS
Hostess Brands Inc. $TWNK	12/20/2022	$30.00 → $25.00	Overweight → Equal-Weight	Morgan Stanley
Thorne Healthtech Inc. $THRN	11/17/2022	$5.50	Buy	Canaccord Genuity
Blue Apron Holdings Inc. $APRN	8/10/2022	$9.00	Buy	Lake Street
Blue Apron Holdings Inc. $APRN	7/21/2022	$10.00	Buy	The Benchmark Company

More analyst ratings

Sleep Number Board Names Linda Findley as President and Chief Executive Officer

Findley has a demonstrated record of accelerating growth and transformation across diverse consumer business models Phillip Eyler to become independent Board Chair, effective after the 2025 Annual Meeting of Shareholders Sleep Number Corporation (NASDAQ:SNBR) today announced that its Board of Directors (the "Board") has appointed Linda Findley as the company's new President and Chief Executive Officer, and as a member of the Board, effective April 7, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305807579/en/Linda Findley will assume the role of Sleep Number President and CEO on April 7, 2025 (Photo: Business Wire) Fi

3/5/25 4:15:00 PM ET

Catalog/Specialty Distribution

Consumer Discretionary

Real Estate

Garments and Clothing

MGP Hires Vice President of Investor Relations

ATCHISON, Kan., May 20, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of Amit Sharma as its Vice President of Investor Relations. This strategic addition to our leadership team underscores our commitment to enhancing communication with our investors and stakeholders, and to strengthening our overall investor relations strategy. Sharma brings over 18 years of experience in investor relations and financial communications. He recently served as

5/20/24 8:30:00 AM ET

Beverages (Production/Distribution)

Consumer Staples

Packaged Foods

Wonder Announces Closing of Blue Apron Acquisition to Enhance its Leading Platform for Mealtime

Customers in New York City and New Jersey can now buy Blue Apron meals via delivery and pick-up from Wonder locations Wonder Group, a company founded by entrepreneur Marc Lore that is redefining at-home dining and food delivery, today will close its previously announced acquisition of Blue Apron (NASDAQ:APRN), the pioneer of the meal kit industry in the United States. The acquisition will further enhance Wonder's creation of the super app for mealtime, serving a broad range of dining occasions that feature cuisines from some of the world's best chefs and restaurants. Having pioneered a new category of "Fast Fine" dining through its collection of vertically-integrated, delivery-first r

11/13/23 8:01:00 AM ET

Catalog/Specialty Distribution

Consumer Discretionary

$APRN
$THRN
$TWNK
Leadership Updates

Live Leadership Updates

Sleep Number Board Names Linda Findley as President and Chief Executive Officer

Findley has a demonstrated record of accelerating growth and transformation across diverse consumer business models Phillip Eyler to become independent Board Chair, effective after the 2025 Annual Meeting of Shareholders Sleep Number Corporation (NASDAQ:SNBR) today announced that its Board of Directors (the "Board") has appointed Linda Findley as the company's new President and Chief Executive Officer, and as a member of the Board, effective April 7, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250305807579/en/Linda Findley will assume the role of Sleep Number President and CEO on April 7, 2025 (Photo: Business Wire) Fi

3/5/25 4:15:00 PM ET

Catalog/Specialty Distribution

Consumer Discretionary

Real Estate

Garments and Clothing

MGP Hires Vice President of Investor Relations

ATCHISON, Kan., May 20, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of Amit Sharma as its Vice President of Investor Relations. This strategic addition to our leadership team underscores our commitment to enhancing communication with our investors and stakeholders, and to strengthening our overall investor relations strategy. Sharma brings over 18 years of experience in investor relations and financial communications. He recently served as

5/20/24 8:30:00 AM ET

Beverages (Production/Distribution)

Consumer Staples

Packaged Foods

BARK Announces Appointment of Larry Bodner to Board of Directors

Mr. Bodner Brings Over 35 Years of Consumer-Packaged Goods Experience to BARK BARK, Inc. ("BARK" or the "Company") (NYSE:BARK), a leading global omnichannel dog brand with the mission to Make All Dogs Happy, today announced that Larry Bodner has joined the Company's Board of Directors (the "Board"), effective immediately. Mr. Bodner brings over 35 years of operational and financial experience spanning the consumer-packaged goods industry, and currently serves as Chief Executive Officer of Bulletproof 360, a functional nutrition and wellness company. He is also a member of the Board of Directors of Hostess Brands, where he has served as a Director since 2016. "Larry brings extensive le

9/20/23 8:00:00 AM ET

Other Specialty Stores

Consumer Discretionary

Packaged Foods

Consumer Staples

$APRN
$THRN
$TWNK
Financials

Live finance-specific insights

Hostess Brands Reports Third Quarter 2023 Results

Company Recently Announced a Definitive Agreement to be Acquired by The J. M. Smucker Company Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company," "Hostess Brands," "we," "us," and "our") today reported its financial results for the three and nine months ended September 30, 2023. "I am extremely proud of the entire Hostess Brands team for building a premier snacking company focused on attractive snacking occasions, a portfolio of iconic brands, and outstanding execution to deliver long-term, sustainable profitable growth," commented Andy Callahan, President and Chief Executive Officer, Hostess Brands. Recent Merger Announcement On September 10, 2023, Hostess Brands entered into a defi

11/7/23 6:30:00 AM ET

Packaged Foods

Consumer Staples

Blue Apron Announces Agreement to be Acquired by Wonder Group for $13.00 per Share

Transaction Expected to Create a Leading Platform for Mealtime Focused on Quality and Flavor Across Meal Kits and Fully-Prepared Meal Experiences Blue Apron (NASDAQ:APRN) (the "Company"), the pioneer of the meal kit industry in the United States, today announced that it has entered into a definitive merger agreement to be acquired by Wonder Group ("Wonder"), a company founded by entrepreneur Marc Lore that is redefining at-home dining and food delivery. Under the terms of the merger agreement, which has been unanimously approved by Blue Apron's Board of Directors, Blue Apron stockholders will be entitled to receive $13.00 in cash per share of Class A common stock through a tender offer,

9/29/23 7:00:00 AM ET

Catalog/Specialty Distribution

Consumer Discretionary

Hostess Brands to Be Acquired by the J.M. Smucker Co. for Approximately $5.6 Billion

Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company" or "Hostess Brands"), announced today that it has entered into a definitive agreement with The J.M. Smucker Co. (NYSE:SJM) to acquire all of the outstanding shares of Hostess Brands in a cash and stock transaction valued at $34.25 per Hostess Brands share, representing a transaction value of approximately $5.6 billion, including the assumption of debt. Under the terms of the agreement, Hostess Brands shareholders will receive $30.00 in cash and 0.03002 shares of The J.M. Smucker Co. common stock (valued at $4.25 as of September 8, 2023) for each share of Hostess Brands common stock. The purchase price represents a premium of approximately 54

9/11/23 8:00:00 AM ET

Packaged Foods

Consumer Staples