The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hershey Company shares valued at $180,000 were sold by Voskuil Steven E on Dec 03 ’24. At $180.00 per share, Voskuil Steven E sold 1,000 shares. The insider’s holdings dropped to 30,228 shares worth approximately $5.38 million following the completion of this transaction.
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Also, Voskuil Steven E purchased 1,000 shares, netting a total of over 180,000 in proceeds.
Before that, Raup Charles R had added 1,000 shares to its account. In a trade valued at $170,950, the Officer bought Hershey Company shares for $170.95 each.
As published in their initiating research note from Redburn Atlantic on October 22, 2024, Hershey Company [HSY] has been a Sell and the price target has been revised to $165. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of October 07, 2024, Bernstein has decreased its “an Outperform” rating to a “Mkt perform” for HSY. Earlier on September 26, 2024, Jefferies downgraded its rating. Their new recommendation was “an Underperform” for HSY stock which previously was a “a Hold”.
Analyzing HSY Stock Performance
During the last five days, there has been a surge of approximately 2.64%. Over the course of the year, Hershey Company shares have dropped approximately -4.60%. Shares of the company reached a 52-week high of $211.92 on 05/14/24 and a 52-week low of $168.16 on 11/19/24. A 50-day SMA is recorded $181.66, while a 200-day SMA reached $190.81. Nevertheless, trading volume fell to 4.59 million shares from 16516.0 shares the previous day.
Support And Resistance Levels for Hershey Company (HSY)
According to the 24-hour chart, there is a support level at 173.15, which, if violated, would cause prices to drop to 168.42. In the upper region, resistance lies at 183.80. The next price resistance is at 189.72. RSI (Relative Strength Index) is 50.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.53, which suggests the price will increase in the coming days. Percent R is at 42.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
