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”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of HBI
On Tuesday, Hanesbrands Inc [NYSE:HBI] saw its stock fall -0.14% to $7.26. Over the last five days, the stock has gained 2.54%. Hanesbrands Inc shares have risen nearly 62.78% since the year began. Nevertheless, the stocks have risen 74.10% over the past one year. While a 52-week high of $7.57 was reached on 10/18/24, a 52-week low of $3.58 was recorded on 01/19/24. SMA at 50 days reached $6.84, while 200 days put it at $5.49.
Levels Of Support And Resistance For HBI Stock
The 24-hour chart illustrates a support level at 7.10, which if violated will result in even more drops to 6.95. On the upside, there is a resistance level at 7.39. A further resistance level may holdings at 7.53. The Relative Strength Index (RSI) on the 14-day chart is 55.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.79%. Stochastics %K at 46.05% 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 2024-10-15, dropping by -5.91 million shares to a total of 46.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 52.59 million shares. There was a decline of -12.65%, which implies that there is a negative sentiment for the stock.
