Hanesbrands Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Hanesbrands Inc. (HBI) slipped 2.73% to $6.06 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.20% to 3,783.22 and Dow Jones Industrial Average falling 1.10% to 32,875.71. The stock's fall snapped a three-day winning streak. Hanesbrands Inc. closed $11.49 below its 52-week high ($17.55), which the company reached on January 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Berkshire Hathaway Inc. Cl A (BRKA) fell 0.47% to $459,800.00, Berkshire Hathaway Inc. Cl B (BRKA) fell 0.69% to $303.43, and VF Corp. (VFC) fell 4.79% to $25.86. Trading volume (7.4 M) remained 3.0 million below its 50-day average volume of 10.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2022.
(END) Dow Jones Newswires
December 28, 2022 16:59 ET (21:59 GMT)
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