Hershey Company (The) (NYSE:HSY) has risen sharply, recording gains of 14.83% in the past 4 weeks. However, the stock has corrected -1.12% 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 13.01% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 20.16% from its 1 Year high price. On Jun 30, 2016, the shares registered one year high at $117.79 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $97.63 and the 200 Day Moving Average price is recorded at $92.07.
The stock has recorded a 20-day Moving Average of 10.29% and the 50-Day Moving Average is 16.2%.
Hershey Company (The) (NYSE:HSY): stock turned positive on Friday. Though the stock opened at $110.43, the bulls momentum made the stock top out at $110.86 level for the day. The stock recorded a low of $109.43 and closed the trading day at $110.7, in the green by 0.60%. The total traded volume for the day was 1,113,884. The stock had closed at $110.04 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Evp, Chief Operating Officer) of HERSHEY CO, Buck Michele had sold 13,500 shares worth of $1,467,450 in a transaction dated June 30, 2016. In this transaction, 13,500 shares were sold at $108.7 per share.
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.