Taking this into account, Credit Suisse downgraded its Hanesbrands Inc [HBI] rating to a Neutral from a an Outperform in a research note published on November 10, 2022; the price target was decreased to $7 from $10. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “an Underweight”. Evercore ISI also remained covering HBI and has decreased its forecast on July 13, 2022 with a “an In-line” recommendation from previously “an Outperform” rating. Barclays revised its rating on June 08, 2022. It rated HBI as “an Equal weight” which previously was an “an Overweight”.
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Price Performance Review of HBI
On Tuesday, Hanesbrands Inc [NYSE:HBI] saw its stock jump 2.78% to $7.39. Over the last five days, the stock has gained 2.21%. Hanesbrands Inc shares have risen nearly 65.70% since the year began. Nevertheless, the stocks have risen 92.45% over the past one year. While a 52-week high of $7.41 was reached on 10/08/24, a 52-week low of $3.58 was recorded on 01/19/24. SMA at 50 days reached $6.44, while 200 days put it at $5.27.
Levels Of Support And Resistance For HBI Stock
The 24-hour chart illustrates a support level at 7.25, which if violated will result in even more drops to 7.11. On the upside, there is a resistance level at 7.48. A further resistance level may holdings at 7.58. The Relative Strength Index (RSI) on the 14-day chart is 65.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.99%. Stochastics %K at 75.92% indicates the stock is a holding.
How much short interest is there in Hanesbrands Inc?
A steep rise in short interest was recorded in Hanesbrands Inc stocks on 2024-09-13, growing by 1.02 million shares to a total of 52.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 51.57 million shares. There was a rise of 1.95%, which implies that there is a positive sentiment for the stock.
