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Shares of Hanesbrands Inc. (HBI) slid 2.71% to $6.81 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's third consecutive day of losses. Hanesbrands Inc. closed $11.00 below its 52-week high ($17.81), which the company achieved on December 9th.
The stock underperformed when compared to some of its competitors Friday, as Ralph Lauren Corp. Cl A (RL) rose 0.78% to $102.87, PVH Corp. (PVH) rose 1.04% to $60.35, and Gildan Activewear Inc. (GIL.T) rose 2.98% to $28.68. Trading volume (12.8 M) eclipsed its 50-day average volume of 9.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.
(END) Dow Jones Newswires
November 18, 2022 16:57 ET (21:57 GMT)
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