Shares of Hanesbrands (HBI) Sees Large Outflow of Money

Hanesbrands (HBI) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (27.43 million) in Hanesbrands (HBI). On Monday, The value of composite uptick trades was $9.42 million, whereas, the value of composite downtick trades was $36.85 million and the ratio between the two was 0.26, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $28.68 million. $0.39 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.01. The negative money flow of ($28.28 million) shows selling on strength. Hanesbrands (HBI) gained $0.12 intraday at $27.23 and registrered 0.44% for the week.


Shares of Hanesbrands Inc. rose by 7.05% in the last five trading days and 2.98% for the last 4 weeks. Hanesbrands Inc. is up 0.92% in the last 3-month period. Year-to-Date the stock performance stands at -6.31%.

Hanesbrands (NYSE:HBI): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.18 and $27.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.23, notching a gain of 0.44% for the day. The total traded volume was 3,225,809 . The stock had closed at $27.11 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Hanesbrands Inc., Noll Richard A had purchased shares worth of $514,800 in a transaction dated on August 9, 2016. A total of 20,000 shares were purchased at a price of $25.74 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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