Large Outflow of Money Witnessed in Hershey Company (The)

Hershey Company (The) (HSY) : Money flow in the Hershey Company (The) (HSY) stock was negative (1.95 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.81 million, compared to $7.76 million on downticks. The total uptick to downtick ratio was 0.75, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0 million, indicating persistent selling. Hershey Company (The) (HSY) traded $0.01 higher at $109.6 gaining 0.01% over the previous days close.


Hershey Company (The) (HSY) : The highest short term price target forecast on Hershey Company (The) (HSY) is $92 and the lowest target price is $88. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $90.2 with a standard deviation of $1.48.

Hershey Company (The) (NYSE:HSY): stock turned positive on Friday. Though the stock opened at $109.5, the bulls momentum made the stock top out at $110.22 level for the day. The stock recorded a low of $109.38 and closed the trading day at $109.95, in the green by 0.33%. The total traded volume for the day was 961,548. The stock had closed at $109.59 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Wege D Michael, officer (SVP, GS, India, ME, Comm & CSR) of Hershey Co, had unloaded 1,100 shares at an average price of $108.43 in a transaction dated on July 15, 2016. The total value of the transaction was worth $119,273.

The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Companys principal confectionery offerings include chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate, sugar confectionery and other products. This includes operations in Asia, Latin America, Europe, Africa and the Middle East, along with exports to these regions. This segment also includes its global retail operations, including Hersheys Chocolate World stores.

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