Hershey Company’s recent filing unveils that its SVP, Chief Financial Officer Voskuil Steven E unloaded Company’s shares for reported $0.2 million on Sep 19 ’24. In the deal valued at $197.54 per share,1,000 shares were sold. As a result of this transaction, Voskuil Steven E now holds 32,228 shares worth roughly $6.05 million.
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Then, Voskuil Steven E bought 1,000 shares, generating $197,540 in total proceeds.
Before that, Buck Michele sold 27,203 shares. Hershey Company shares valued at $5,451,558 were divested by the Chairman, President and CEO at a price of $200.40 per share. As a result of the transaction, Buck Michele now holds 164,474 shares, worth roughly $30.85 million.
UBS downgraded its Hershey Company [HSY] rating to a Neutral from a a Buy in a research note published on October 07, 2024; the price target was decreased to $209 from $226. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Mkt perform”. Jefferies also remained covering HSY and has decreased its forecast on September 26, 2024 with a “an Underperform” recommendation from previously “Hold” rating. Citigroup revised its rating on August 27, 2024. It rated HSY as “a Sell” which previously was an “a Neutral”.
Price Performance Review of HSY
On Tuesday, Hershey Company [NYSE:HSY] saw its stock jump 0.03% to $187.58. Over the last five days, the stock has lost -2.21%. Hershey Company shares have risen nearly 0.61% since the year began. Nevertheless, the stocks have fallen -3.82% over the past one year. While a 52-week high of $211.92 was reached on 05/14/24, a 52-week low of $178.82 was recorded on 04/17/24. SMA at 50 days reached $196.22, while 200 days put it at $193.21.
Levels Of Support And Resistance For HSY Stock
The 24-hour chart illustrates a support level at 186.12, which if violated will result in even more drops to 184.67. On the upside, there is a resistance level at 188.72. A further resistance level may holdings at 189.87. The Relative Strength Index (RSI) on the 14-day chart is 35.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.17%. Stochastics %K at 14.20% indicates the stock is a buying.
How much short interest is there in Hershey Company?
A steep rise in short interest was recorded in Hershey Company stocks on 2024-09-13, dropping by -1.42 million shares to a total of 5.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.34 million shares. There was a decline of -24.06%, which implies that there is a negative sentiment for the stock.
