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Shares of Hanesbrands Inc. (HBI) shed 8.47% to $6.48 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. The stock's fall snapped a four-day winning streak. Hanesbrands Inc. closed $11.80 below its 52-week high ($18.28), which the company achieved on November 10th.
The stock underperformed when compared to some of its competitors Wednesday, as Ralph Lauren Corp. Cl A (RL) fell 5.16% to $90.24, PVH Corp. (PVH) fell 4.50% to $50.24, and Gildan Activewear Inc. (GIL.T) fell 3.73% to $26.81. Trading volume (19.9 M) eclipsed its 50-day average volume of 8.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 16:58 ET (21:58 GMT)
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