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Taking a Closer Look At Hershey Company (HSY) Following Its Recent Trade

Hershey Company’s recently made public that its Officer Raup Charles R acquired Company’s shares for reported $0.17 million on Nov 18 ’24. In the deal valued at $170.95 per share,1,000 shares were bought.

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Then, McCalman Jennifer sold 278 shares, generating $49,840 in total proceeds. Upon selling the shares at $179.28, the VP, Chief Accounting Officer now owns 2,960 shares.

Before that, McCalman Jennifer bought 278 shares. Hershey Company shares valued at $49,840 were divested by the Officer at a price of $179.28 per share.

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 fall -1.28% to $173.29. Over the last five days, the stock has gained 1.79%. Hershey Company shares have fallen nearly -7.05% since the year began. Nevertheless, the stocks have fallen -8.02% over the past one year. While a 52-week high of $211.92 was reached on 05/14/24, a 52-week low of $168.16 was recorded on 11/19/24. SMA at 50 days reached $183.49, while 200 days put it at $191.20.

Levels Of Support And Resistance For HSY Stock

The 24-hour chart illustrates a support level at 171.87, which if violated will result in even more drops to 170.44. On the upside, there is a resistance level at 175.14. A further resistance level may holdings at 176.98. The Relative Strength Index (RSI) on the 14-day chart is 41.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.35%. Stochastics %K at 38.15% 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 2024-11-15, growing by 1.73 million shares to a total of 7.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.2 million shares. There was a rise of 21.81%, which implies that there is a positive sentiment for the stock.

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