Hershey Company (The) (HSY) has risen sharply, recording gains of 12.23% in the past 4 weeks. However, the stock has corrected -0.64% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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 $109.50 and $109.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $110.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $109.95, notching a gain of 0.33% for the day. The total traded volume was 961,548 . The stock had closed at $109.59 on the previous day.
The stock has recorded a 20-day Moving Average of 2.99% and the 50-Day Moving Average is 11.29%. The Hershey Company is up 22.21% in the last 3-month period. Year-to-Date the stock performance stands at 24.77%.
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.