Hanesbrands Inc’s recently made public that its Officer VANESSA LEFEBVRE-ROBINSON acquired Company’s shares for reported $2.2 million on Nov 13 ’24. In the deal valued at $7.95 per share,276,394 shares were bought.
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UBS upgraded its Hanesbrands Inc [HBI] rating to a Buy from a a Neutral in a research note published on November 26, 2024; the price target was increased to $11 from $9. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Neutral”. Wells Fargo also remained covering HBI and has decreased its forecast on October 31, 2022 with a “an Underweight” recommendation from previously “an Overweight” rating. Evercore ISI revised its rating on July 13, 2022. It rated HBI as “an In-line” which previously was an “an Outperform”.
Price Performance Review of HBI
On Tuesday, Hanesbrands Inc [NYSE:HBI] saw its stock jump 4.62% to $8.84. Over the last five days, the stock has gained 6.89%. Hanesbrands Inc shares have risen nearly 98.21% since the year began. Nevertheless, the stocks have risen 140.87% over the past one year. While a 52-week high of $8.90 was reached on 11/26/24, a 52-week low of $3.58 was recorded on 01/19/24. SMA at 50 days reached $7.45, while 200 days put it at $5.84.
Levels Of Support And Resistance For HBI Stock
The 24-hour chart illustrates a support level at 8.62, which if violated will result in even more drops to 8.40. On the upside, there is a resistance level at 9.08. A further resistance level may holdings at 9.32. The Relative Strength Index (RSI) on the 14-day chart is 69.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.10%. Stochastics %K at 83.39% indicates the stock is a selling.
How much short interest is there in Hanesbrands Inc?
A steep rise in short interest was recorded in Hanesbrands Inc stocks on 2024-11-15, growing by 2.69 million shares to a total of 49.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 46.69 million shares. There was a rise of 5.44%, which implies that there is a positive sentiment for the stock.
