No. of Recommendations: 1
I think the main narrative is that the price of cocoa is through the roof, with few prospects for an easy fix, so nobody wants to touch them.
Another big reason for the sell off is the rise of the new weight loss drugs. Apparently, they remove the desire to snack.
That being said, HSY has been through just about every challenge during its existence, I am sure they will figure this one out too.
It is approaching the Dec 20 low of 179, which is the area it keeps bouncing off of, so I think it is good for a trade at least.
