Hershey Company (The) (HSY) has risen sharply, recording gains of 0.73% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. Hershey Company (The) (HSY) : During the past 4 weeks, traders have been relatively bearish on Hershey Company (The) (HSY), hence the stock is down -0.3% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.22% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 6.58%. Hershey Company (The) (NYSE:HSY): On Fridays trading session , Opening price of the stock was $111.81 with an intraday high of $112.502. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $111.47. However, the stock managed to close at $111.47, a loss of 0.51% for the day. On the previous day, the stock had closed at $112.04. The total traded volume of the day was 708,161 shares.
The company Insiders own 0.68% of Hershey Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.73% . Institutional Investors own 53.72% of Hershey Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -1.4%. Also, Equity Analysts at the Tigress Financial downgrades the rating on Hershey Company (The) (NYSE:HSY). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 11, 2016.
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.