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Hershey Company (HSY) may enjoy gains as insiders got busy in the recent days

CHWY Stock

Hershey Company’s filing revealed that its SVP, Chief Financial Officer Voskuil Steven E unloaded Company’s shares for reported $0.18 million on Dec 03 ’24. In the deal valued at $180.00 per share,1,000 shares were sold. As a result of this transaction, Voskuil Steven E now holds 30,228 shares worth roughly $5.53 million.

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Then, Voskuil Steven E bought 1,000 shares, generating $180,000 in total proceeds.

Before that, Raup Charles R bought 1,000 shares. Hershey Company shares valued at $170,950 were divested by the Officer at a price of $170.95 per share.

A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Equal weight” to “an Underweight”. Redburn Atlantic began covering HSY with “Sell” recommendation on October 22, 2024. UBS revised its rating on October 07, 2024. It rated HSY as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HSY

On Friday, Hershey Company [NYSE:HSY] saw its stock fall -0.46% to $183.10. Over the last five days, the stock has gained 4.81%. Hershey Company shares have fallen nearly -1.79% since the year began. Nevertheless, the stocks have fallen -3.01% 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 $180.28, while 200 days put it at $190.53.

Levels Of Support And Resistance For HSY Stock

The 24-hour chart illustrates a support level at 181.72, which if violated will result in even more drops to 180.33. On the upside, there is a resistance level at 184.46. A further resistance level may holdings at 185.81. The Relative Strength Index (RSI) on the 14-day chart is 53.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 69.75%. Stochastics %K at 25.35% 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 2024-11-29, growing by 1.05 million shares to a total of 7.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.42 million shares. There was a rise of 14.07%, which implies that there is a positive sentiment for the stock.

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