Post #10699 by mungofitch on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Bloomberg reported that Mondelez International is exploring an acquisition of Hershey Co.
HSY is up 13% today to 197.83

It's a bit of a cliché that when good news comes in on an optimistically priced stock pick, it typically reacts in a small way upwards. Bad news sometimes gets a big reaction downwards.
When new good news comes in on an unfashionable stock pick, it reacts in big way. Fresh bad news gets mostly ignored, as that is what is expected.

Hershey has not been in fashion, that's for sure. Almost any fresh news that isn't freshly bad can move the price quite a bit it seems. High today was +19% from yesterday's close.

Jim

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