Hershey is a well-known American chocolate company that has been around for over 100 years. This century-old company has gone through many changes and fluctuations in its stock prices, and there are many interesting details to be found in its stock price history. In this article, we will take a look at the Hershey stock price history over the last few decades.
The Early Years in Hershey Stock Price History
The Hershey stock price history started in the late 1980s, when the company first went public. The initial offering price of the stock was around $17 per share. This initial stock price was relatively low compared to similar companies, but the company’s stock price would quickly rise in the coming years. The company had a great deal of success over the next few years, and the stock price rose steadily.
The Mid-1990s Boom
The Hershey stock price history saw a major jump in the mid-1990s when the company purchased the rights to produce many popular brands of candy, such as Reese’s and Kit-Kat. This acquisition increased the company’s profits significantly, and the stock price rose to nearly $50 per share. This period marked a major success for the company, and the stock price stayed at around the same level for several years.
The 2000s Downturn
The Hershey stock price history saw a major decline in the early 2000s. The company was hit by a number of factors, including a decline in demand for chocolate, increased competition from other chocolate companies, and a series of management changes. As a result, the stock price plummeted to around $15 per share, a significant decline from its peak in the mid-1990s.
The Recent Years
The Hershey stock price history has seen a modest recovery in recent years. The company has implemented a number of changes, including new marketing campaigns and the introduction of new products. As a result, the stock price has risen to around $30 per share. While this is still significantly lower than its peak in the mid-1990s, the company is continuing to make changes to improve its performance.
Conclusion
The Hershey stock price history has seen its ups and downs over the last few decades. The company experienced a major boom in the mid-1990s, followed by a significant decline in the early 2000s. However, the company has made some changes in recent years, and the stock price has seen a modest recovery. While the stock price is still lower than its peak in the mid-1990s, the company is taking steps to improve its performance.