Large Outflow of Money Witnessed in Hanesbrands

Hanesbrands (HBI) : Net money flow in Hanesbrands (HBI) was negative ($1.88 million) and the inflow of money on uptick was $2.51 million, whereas, the outflow of money on downticks amounted to $4.39 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.57. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.53 million. On the other hand, the total value of block trades done on downticks was $2.65 million. The ratio of uptick to downtick block trades was 0.2. The money flow in block trades was negative ($2.12). Hanesbrands (HBI) gained $0.04 cent during the day and reached $26.59, a gain of 0.15% over the previous day.


Hanesbrands Inc. has dropped 4.97% during the last 3-month period . Year-to-Date the stock performance stands at -9.12%. Shares of Hanesbrands Inc. rose by 0.99% in the last five trading days and 1.84% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Marsh John T., officer (Group President, Activewear) of Hanesbrands Inc., had unloaded 10,986 shares at an average price of $27.3 in a transaction dated on June 3, 2016. The total value of the transaction was worth $299,918.

Hanesbrands (NYSE:HBI): On Mondays trading session , Opening price of the stock was $26.6 with an intraday high of $26.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.39. However, the stock managed to close at $26.52, a loss of 0.11% for the day. On the previous day, the stock had closed at $26.55. The total traded volume of the day was 1,967,838 shares.

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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