Hanesbrands Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Hanesbrands Inc. (HBI) slid 2.62% to $7.81 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 33,743.84 and the S&P 500 Index falling 0.02% to 4,016.22. This was the stock's second consecutive day of losses. Hanesbrands Inc. closed $8.94 below its 52-week high ($16.75), which the company achieved on February 3rd.
The stock underperformed when compared to some of its competitors Wednesday, as Berkshire Hathaway Inc. Cl A (BRKA) rose 0.14% to $471,657.50, Berkshire Hathaway Inc. Cl B (BRKA) rose 0.19% to $311.90, and VF Corp. (VFC) fell 1.22% to $29.89. Trading volume (8.1 M) remained 1.7 million below its 50-day average volume of 9.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 25, 2023.
(END) Dow Jones Newswires
January 25, 2023 16:58 ET (21:58 GMT)
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