Hanesbrands Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Hanesbrands Inc. (HBI) rallied 1.51% to $6.71 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.36% to 4,003.58 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. The stock's rise snapped a four-day losing streak. Hanesbrands Inc. closed $11.10 short of its 52-week high ($17.81), which the company reached on December 9th.
The stock underperformed when compared to some of its competitors Tuesday, as Ralph Lauren Corp. Cl A (RL) rose 4.99% to $106.22, PVH Corp. (PVH) rose 4.48% to $61.38, and Gildan Activewear Inc. (GIL.T) rose 2.38% to $28.72. Trading volume (9.3 M) remained 772,676 below its 50-day average volume of 10.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.
(END) Dow Jones Newswires
November 22, 2022 16:57 ET (21:57 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.