Shares of Hanesbrands (HBI) Sees Large Inflow of Net Money Flow

Hanesbrands (HBI) stock had a bullish inflow of $11.88 million worth of trades on uptick and an outflow of $7.67 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.55. The net money flow into the stock was $4.21 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $4.42 million. An inflow of $0.63 million block trade was recorded on downticks. $5.04 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 8.05 in favor of the bulls. However, Hanesbrands (HBI) stock traded down $0.09 , and reached $25.59, a drop of -0.35% over the previous day. On a weekly basis, the stock is -0.85%, over the previous weeks close.

Hanesbrands

Hanesbrands Inc. has lost 2.1% in the last five trading days and dropped 5.88% in the last 4 weeks. Hanesbrands Inc. has dropped 2.31% during the last 3-month period . Year-to-Date the stock performance stands at -11.95%.

Hanesbrands (HBI) : 7 brokerage houses believe that Hanesbrands (HBI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hanesbrands (HBI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.45.

Hanesbrands (NYSE:HBI): stock was range-bound between the intraday low of $25.365 and the intraday high of $25.7 after having opened at $25.62 on Wednesdays session. The stock finally closed in the red at $25.62, a loss of -0.35%. The stock remained in the red for the whole trading day. The total traded volume was 2,039,966 shares. The stock failed to cross $25.7 in Wednesdays trading. The stocks closing price on Thursday was $25.68.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.