Strong call buying persists in Hershey’s calls as Nestle deal chatter makes the rounds, with more than 10,000 March 35 calls trading as shares range from 31.51 to 32.21 this morning. Lot size is generally small but one large sweep of 1000 for 45cents was detected at 10:45 when shares were near 31.81. Activity will create new open interest and appears to be mostly customer buying. Chatter on HSY in the past has fizzled on control issues. Shares touched a new 52w low of 31.18 last Thurs.

(2 votes, average: 4.50 out of 5)
1 user commented on " Hershey Company (HSY) $32.01 +0.06% "
Follow-up comment rss or Leave a TrackbackAnd yet the stock is marching lower…
Agree with control issues – stubborn controling family “emotional attachment”(?) issues standing in the way of a buyout/takeover.