Hershey Company (The) (HSY) has been under a strong bear grip, hence the stock is down -1.59% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.38% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.8% in the last 1 week, and is up 0.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Hershey Company (The) (NYSE:HSY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $110.83 and $110.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $111.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $111.65, notching a gain of 0.84% for the day. The total traded volume was 835,977 . The stock had closed at $110.72 on the previous day.
The stock has recorded a 20-day Moving Average of 1.54% and the 50-Day Moving Average is 8.72%. The Hershey Company is up 22.66% in the last 3-month period. Year-to-Date the stock performance stands at 26.7%.
Hershey Company (The) (HSY) : 5 Wall Street analysts covering Hershey Company (The) (HSY) believe that the average level the stock could reach for the short term is $104. The maximum price target given is $110 and the minimum target for short term is around $90, hence the standard deviation is calculated at $8.22.
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.