Hanesbrands Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Hanesbrands Inc. (HBI) slid 0.85% to $5.84 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.49% to 3,878.44 and the Dow Jones Industrial Average rising 1.60% to 33,376.48. Hanesbrands Inc. closed $11.71 short of its 52-week high ($17.55), which the company achieved on January 5th.
The stock underperformed when compared to some of its competitors Wednesday, as Berkshire Hathaway Inc. Cl A (BRKA) rose 2.23% to $467,599.90, Berkshire Hathaway Inc. Cl B (BRKA) rose 1.93% to $307.82, and VF Corp. (VFC) rose 1.15% to $25.46. Trading volume (9.3 M) remained 880,625 below its 50-day average volume of 10.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 21, 2022.
(END) Dow Jones Newswires
December 21, 2022 16:59 ET (21:59 GMT)
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