Hanesbrands Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Hanesbrands Inc. (HBI) plummeted 27.90% to $6.28 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 1.47% to 4,179.76 and the Dow Jones Industrial Average falling 0.11% to 34,053.94. The stock's fall snapped a two-day winning streak. Hanesbrands Inc. closed $10.47 below its 52-week high ($16.75), which the company achieved on February 3rd.
The stock underperformed when compared to some of its competitors Thursday, as Berkshire Hathaway Inc. Cl A (BRKA) rose 0.32% to $472,115.00, Berkshire Hathaway Inc. Cl B (BRKA) rose 0.42% to $311.86, and VF Corp. (VFC) fell 1.58% to $31.14. Trading volume (67.7 M) eclipsed its 50-day average volume of 9.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 2, 2023.
(END) Dow Jones Newswires
February 02, 2023 16:59 ET (21:59 GMT)
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