Hanesbrands Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Hanesbrands Inc. (HBI) dropped 1.00% to $7.95 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. The stock's fall snapped a nine-day winning streak. Hanesbrands Inc. closed $9.36 below its 52-week high ($17.31), which the company reached on January 13th.
The stock underperformed when compared to some of its competitors Thursday, as Berkshire Hathaway Inc. Cl A (BRKA) fell 0.23% to $482,860.00, Berkshire Hathaway Inc. Cl B (BRKA) fell 0.45% to $318.93, and VF Corp. (VFC) rose 1.89% to $30.75. Trading volume (8.8 M) remained 1.5 million below its 50-day average volume of 10.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.
(END) Dow Jones Newswires
January 12, 2023 16:58 ET (21:58 GMT)
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