It's been a wild decade for the Hershey Company (HSY). The stock price has seen its fair share of highs and lows, but it continues to remain one of the most popular stocks on the market. In 2023, investors and curious onlookers alike should take note of the Hershey Company’s stock price history, as it provides an understanding of the stock's potential.
HSY’s Stock Price History: The Last 10 Years
At the start of 2013, Hershey’s stock price was hovering around $70 per share. It steadily rose throughout the first half of the year and peaked at $90.50 in June. However, it soon fell back down, and by the end of the year, it was back in the $70 range.
2014 was a much more volatile year for Hershey’s stock. It dipped below $70 in February and stayed there for the majority of the year, bottoming out at $59 in October. But by the end of the year, it had started to make a comeback, closing at $71.
2015 was a year of steady growth for HSY’s stock. It started the year at $71 and rose steadily throughout the year, closing at $99 in December. 2016 followed a similar pattern, with the stock peaking at $110 in October and closing the year at $103.
The stock’s price took a tumble in 2017, bottoming out at $87 in August. It then began to climb again, taking it back up to the $100 mark in October. It ended the year at $99.
In 2018, the stock price of HSY was relatively stable, ranging between $96 and $110 throughout the year. But it took a big dip in 2019, bottoming out at $79 in June before recovering to close the year at $94.
2020 was a year of highs and lows for HSY’s stock. It started the year at $94 and rose to a peak of $131 in August. But it then plummeted to a low of $90 in October before climbing back up to close the year at $117.
The stock continued to rise in 2021, reaching a peak of $142 in April before dipping back down to $121 in June. It then began to rise again, closing the year at $136.
In 2022, HSY’s stock price remained relatively stable, ranging between $124 and $146 throughout the year. It closed the year at $135.
What Will HSY’s Stock Price Look Like in 2023?
It’s impossible to predict the future of HSY’s stock price, but there are some factors to consider. On the plus side, Hershey’s is a well-known and well-loved brand, and its products are always in demand. This could lead to continued growth in the stock price. On the other hand, the company is facing increased competition from other chocolate manufacturers, and this could lead to a decline in the stock price. It’s impossible to know for sure what will happen, but it’s worth keeping an eye on the stock’s price history to get a better idea of what the future may hold.
HSY’s Stock Price History: A Good Indicator of What’s to Come?
HSY’s stock price history provides an understanding of the stock's potential. It’s important to note that past performance does not guarantee future results, so it’s important to do your own research and consider other factors before investing. But by taking a look at the stock’s history, investors can get a better idea of what may be in store for HSY in 2023 and beyond.