Hershey (HSY) Is Up 1.86% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1]. Company Overview: Hershey (HSY) - Hershey currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3]. Performance Metrics - Over the past week, Hershey's shares increased by 1.86%, outperforming the Zacks Food - Confectionery industry, which rose by 0.44% [5]. - In a longer timeframe, Hershey's shares have appreciated by 14.28% over the past month, compared to the industry's 4.21% [5]. - Over the last quarter, Hershey's shares have risen by 15.44%, and over the past year, they have gained 41.03%, while the S&P 500 only increased by 1.9% and 15.32%, respectively [6]. Trading Volume - Hershey's average 20-day trading volume is 1,851,394 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Earnings Outlook - In the past two months, 5 earnings estimates for Hershey have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $5.99 to $6.01 [9]. - For the next fiscal year, 7 estimates have also moved higher, with no downward revisions during the same period [9]. Conclusion - Given the positive momentum indicators and earnings outlook, Hershey is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [10].