Gildan Activewear (GIL) has risen sharply, recording gains of 2.06% in the past 4 weeks. However, the stock has corrected -0.24% 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 2.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.26% and the 50-Day Moving Average is 0.13%.The 200 Day SMA reached 3.45%. Gildan Activewear Inc. has dropped 1.36% during the last 3-month period . Year-to-Date the stock performance stands at 5.43%.
Gildan Activewear (NYSE:GIL): After opening at $29.57, the stock dipped to an intraday low of $29.56 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.93 and the buying power remained strong till the end. The stock closed at $29.72 for the day, a gain of 1.16% for the day session. The total traded volume was 201,989. The stocks close on the previous trading day was $29.38.
Gildan Activewear Inc. (Gildan) supplies branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands, including the Gildan, Gold Toe, Anvil brands and brand extensions, Secret, Silks, Therapy Plus and Kushyfoo, as well as under licensing arrangements for the Under Armour, Mossy Oak and New Balance brands. It operates in two segments, Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States, Canada, Europe, and the Asia-Pacific region.