Hanesbrands Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Hanesbrands Inc. (HBI) inched 0.14% higher to $7.08 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,828.11 and the Dow Jones Industrial Average rising 1.02% to 33,160.83. This was the stock's fourth consecutive day of gains. Hanesbrands Inc. closed $11.20 below its 52-week high ($18.28), which the company reached on November 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Ralph Lauren Corp. Cl A (RL) rose 0.61% to $95.15, PVH Corp. (PVH) fell 0.32% to $52.61, and Gildan Activewear Inc. (GIL.T) fell 2.04% to $27.85. Trading volume (10.9 M) eclipsed its 50-day average volume of 8.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 8, 2022.
(END) Dow Jones Newswires
November 08, 2022 16:58 ET (21:58 GMT)
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