Hanesbrands (HBI) : During the past 4 weeks, traders have been relatively bearish on Hanesbrands (HBI), hence the stock is down -3.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.42% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.07% in the last 1 week, and is up 1.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.85% and the 50-Day Moving Average is 0.53%.
Hanesbrands (NYSE:HBI): The stock opened at $26.83 on Friday but the bulls could not build on the opening and the stock topped out at $26.87 for the day. The stock traded down to $26.50 during the day, due to lack of any buying support eventually closed down at $26.55 with a loss of -0.56% for the day. The stock had closed at $26.70 on the previous day. The total traded volume was 1,872,081 shares.
The company Insiders own 1% of Hanesbrands shares according to the proxy statements. Institutional Investors own 89.73% of Hanesbrands shares. 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 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.