Hershey gains $1.7 billion as cocoa risk leaves HSY valuation gap

Hershey gains $1.7 billion as cocoa risk leaves HSY valuation gap

Hershey shares surged 4.9% to $179.27, adding $1.7 billion in value despite remaining about 25% below its 52-week high, as investors bet on margin recovery from lower cocoa costs; however, cocoa prices have started rising again amid Ivory Coast weather risks, leaving Hershey’s rebound vulnerable if input costs climb or volumes weaken. The post Hershey gains $1.7 billion as cocoa risk leaves HSY valuation gap appeared first on TechStock².