Hanesbrands Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Hanesbrands Inc. (HBI) slid 2.17% to $7.20 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.46% to 3,901.06 and the Dow Jones Industrial Average rising 2.59% to 32,861.80. This was the stock's third consecutive day of losses. Hanesbrands Inc. closed $11.40 short of its 52-week high ($18.60), which the company achieved on November 5th.
The stock underperformed when compared to some of its competitors Friday, as Ralph Lauren Corp. Cl A (RL) rose 1.59% to $93.28, PVH Corp. (PVH) rose 1.61% to $52.33, and Gildan Activewear Inc. (GIL.T) rose 1.90% to $32.25. Trading volume (14.6 M) eclipsed its 50-day average volume of 8.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2022.
(END) Dow Jones Newswires
October 28, 2022 16:58 ET (20:58 GMT)
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