Hanesbrands Inc. Stock Falls Monday, Underperforms Market
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Shares of Hanesbrands Inc. (HBI) slid 7.18% to $6.08 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.61% to 4,111.08 and Dow Jones Industrial Average falling 0.10% to 33,891.02. Hanesbrands Inc. closed $10.35 below its 52-week high ($16.43), which the company achieved on February 10th.
The stock underperformed when compared to some of its competitors Monday, as Berkshire Hathaway Inc. Cl A (BRKA) rose 0.05% to $467,000.00, Berkshire Hathaway Inc. Cl B (BRKA) fell 0.03% to $308.43, and VF Corp. (VFC) fell 6.40% to $28.66. Trading volume (25.1 M) eclipsed its 50-day average volume of 10.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 6, 2023.
(END) Dow Jones Newswires
February 06, 2023 16:58 ET (21:58 GMT)
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