Hanesbrands (HBI) Shares are Up 1.21%

Hanesbrands (HBI) has been under a strong bear grip, hence the stock is down -1.76% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.59% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.21% in the last 1 week, and is up 4.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Hanesbrands (NYSE:HBI): The stock was completely flat for the day, closing at $26.87 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $26.83, the stock touched an intraday high of $26.93 and a low of $26.55. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $26.87. The total trading volume on Friday was 1,847,435.


The stock has recorded a 20-day Moving Average of 2.75% and the 50-Day Moving Average is 1.09%. Hanesbrands Inc. has dropped 5.5% during the last 3-month period . Year-to-Date the stock performance stands at -7.92%.

Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Companys innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Companys Innerwear segment focuses on apparel products, such as intimate apparel, mens underwear, childrens underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Companys international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.

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