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

Hanesbrands (HBI) : Investors lapped up stocks on upticks to the tune of $12.78 million in the Fridays trading session. The trading value on downticks was comparatively at $6.7 million and the uptick to downtick ratio of 1.91 indicates continuous buying by the bulls. The net money flow into the stock was $6.08 million. Upticks saw transactions worth $6.34 clearly indicating buying by large investors. The total money flow for block trades stood at $6.34 million, which is a positive for the stock in the long-term. Hanesbrands (HBI) fell $0.12 during the day at $26.4, a drop of -0.45% over the previous days close. However, for the week, the stock is -2.8%, compared to the previous week.


The company Insiders own 1% of Hanesbrands shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 2.35% . Institutional Investors own 91.69% of Hanesbrands shares. During last six month period, the net percent change held by insiders has seen a change of 2.35%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Hanesbrands Inc., Noll Richard A, had purchased 20,000 shares in a transaction dated on August 9, 2016. The transaction was executed at $25.74 per share with total amount equaling $514,800.

Hanesbrands (NYSE:HBI): stock was range-bound between the intraday low of $26.34 and the intraday high of $26.76 after having opened at $26.56 on Fridays session. The stock finally closed in the red at $26.56, a loss of -0.45%. The stock remained in the red for the whole trading day. The total traded volume was 1,957,868 shares. The stock failed to cross $26.76 in Fridays trading. The stocks closing price on Thursday was $26.52.

Hanesbrands (HBI) has risen sharply, recording gains of 3.86% in the past 4 weeks. However, the stock has corrected -2.8% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.99% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

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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