Should You Buy Hershey Co (HSY) Stock on Friday?

Friday, February 03, 2023 02:58 PM | InvestorsObserver Analysts

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Overall market sentiment has been high on Hershey Co (HSY) stock lately. HSY receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Hershey Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HSY!
See Full HSY Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HSY Stock Today?

Hershey Co (HSY) stock has gained 0.07% while the S&P 500 is down -1.05% as of 2:55 PM on Friday, Feb 3. HSY has risen $0.16 from the previous closing price of $234.42 on volume of 722,712 shares. Over the past year the S&P 500 has fallen -9.88% while HSY has risen 18.15%. HSY earned $6.20 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 37.83. To see InvestorsObserver's Sentiment Score for Hershey Co click here.

More About Hershey Co

Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 47% of the domestic chocolate space (per IRI). Beyond its namesake label, the firm's mix has expanded over the last 85 years and now consists of 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the U.S., including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confection business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its mix and Pirate Brands (including the Pirate's Booty, Smart Puffs, and Original Tings brands) over the past few years. Click Here to get the full Stock Report for Hershey Co stock.

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