Hanesbrands Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Hanesbrands Inc. (HBI) slid 2.91% to $8.02 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.31% to 33,733.96 and the S&P 500 Index falling 0.07% to 4,016.95. The stock's fall snapped a two-day winning streak. Hanesbrands Inc. closed $8.73 below its 52-week high ($16.75), which the company achieved on February 3rd.
The stock underperformed when compared to some of its competitors Tuesday, as Berkshire Hathaway Inc. Cl A (BRKA) rose 0.30% to $470,999.99, Berkshire Hathaway Inc. Cl B (BRKA) rose 0.28% to $311.30, and VF Corp. (VFC) fell 0.75% to $30.26. Trading volume (7.0 M) remained 3.0 million below its 50-day average volume of 10.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 24, 2023.
(END) Dow Jones Newswires
January 24, 2023 16:59 ET (21:59 GMT)
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