HSY Stock Down 11% in 3 Months: What Should Investors Do Next?
Hershey(HSY) ZACKS·2024-11-25 13:35
The Hershey Company (HSY) has faced challenges, with its stock dropping 11% over the past three months as it continues to be impacted by a more budget-conscious consumer base and historically high cocoa prices. During this period, HSY's stock has underperformed the broader industry, which saw a 7.6% decrease, as well as the Zacks Consumer Staples sector, which fell by 3.6%. In contrast, the S&P 500 saw a 6.2% increase over the same timeframe.Let's take a closer look at the key factors negatively impacting H ...