Hershey Co (HSY) stock is down 2.75% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Hershey Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HSY!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With HSY Stock Today?
Hershey Co (HSY) stock has fallen -1.68% while the S&P 500 is higher by 0.42% as of 3:29 PM on Friday, Dec 8. HSY is lower by -$3.18 from the previous closing price of $188.90 on volume of 845,924 shares. Over the past year the S&P 500 is up 17.06% while HSY is lower by -21.53%. HSY earned $8.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.32.
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 46% 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.
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