Hanesbrands Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Hanesbrands Inc. (HBI) sank 0.98% to $8.12 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.56% to 3,928.86 and Dow Jones Industrial Average falling 1.81% to 33,296.96. The stock's fall snapped a two-day winning streak. Hanesbrands Inc. closed $8.73 below its 52-week high ($16.85), which the company achieved on January 19th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Berkshire Hathaway Inc. Cl A (BRKA) fell 2.05% to $466,259.98, Berkshire Hathaway Inc. Cl B (BRKA) fell 2.08% to $308.30, and VF Corp. (VFC) fell 1.80% to $30.06.true Trading volume (7.4 M) remained 2.8 million below its 50-day average volume of 10.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2023.
(END) Dow Jones Newswires
January 18, 2023 16:58 ET (21:58 GMT)
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