Hershey Company’s filing revealed that its VP, Chief Accounting Officer McCalman Jennifer unloaded Company’s shares for reported $49840.0 on Nov 04 ’24. In the deal valued at $179.28 per share,278 shares were sold. As a result of this transaction, McCalman Jennifer now holds 2,960 shares worth roughly $0.53 million.
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Then, McCalman Jennifer bought 278 shares, generating $49,840 in total proceeds.
Before that, Voskuil Steven E sold 1,000 shares. Hershey Company shares valued at $185,470 were divested by the SVP, Chief Financial Officer at a price of $185.47 per share. As a result of the transaction, Voskuil Steven E now holds 31,228 shares, worth roughly $5.62 million.
Redburn Atlantic initiated its Hershey Company [HSY] rating to a Sell in a research note published on October 22, 2024; the price target was $165. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. Bernstein also remained covering HSY and has decreased its forecast on October 07, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Jefferies revised its rating on September 26, 2024. It rated HSY as “an Underperform” which previously was an “a Hold”.
Price Performance Review of HSY
On Tuesday, Hershey Company [NYSE:HSY] saw its stock jump 0.62% to $180.11. Over the last five days, the stock has gained 0.05%. Hershey Company shares have fallen nearly -3.40% since the year began. Nevertheless, the stocks have fallen -4.19% over the past one year. While a 52-week high of $211.92 was reached on 05/14/24, a 52-week low of $176.78 was recorded on 10/30/24. SMA at 50 days reached $190.15, while 200 days put it at $192.63.
Levels Of Support And Resistance For HSY Stock
The 24-hour chart illustrates a support level at 178.84, which if violated will result in even more drops to 177.57. On the upside, there is a resistance level at 180.80. A further resistance level may holdings at 181.50. The Relative Strength Index (RSI) on the 14-day chart is 37.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.13%. Stochastics %K at 25.26% indicates the stock is a holding.
How much short interest is there in Hershey Company?
A steep rise in short interest was recorded in Hershey Company stocks on 2024-10-15, growing by 0.28 million shares to a total of 6.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.92 million shares. There was a rise of 4.52%, which implies that there is a positive sentiment for the stock.
