Unwrapping The Numbers - A Deep Dive Into Hershey's 21% Decline From Its All-Time Highs And What It Means For Investors
Portfolio Pulse from Zaheer Anwari
Hershey Co's stock has experienced a 21% decline from its all-time high of $276 in May 2023. The stock has broken through significant support levels, with the next critical level being $200. Despite the recent decline, historical trends suggest a potential rebound, as seen between September 2019 and March 2020 when the stock bounced back with a 151% rise after a 31% decline.
September 05, 2023 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Hershey's stock has seen a significant decline, breaking through key support levels. However, historical trends suggest a potential rebound.
The stock has broken through significant support levels, indicating a bearish trend. However, past performance shows that the stock has the potential to rebound after significant declines. The next critical support level is at $200, and if the stock cannot hold at this level, it is likely to drop further.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100