Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hanesbrands Inc shares valued at $449,899 were purchased by MORAN ROBERT F on Feb 18 ’25. At $6.01 per share, MORAN ROBERT F acquired 74,850 shares. The insider’s holdings grew to 216,373 shares worth approximately $1.33 million following the completion of this transaction.
Also, VANESSA LEFEBVRE-ROBINSON purchased 276,394 shares, netting a total of over 2,196,503 in proceeds.
As published in a research note from UBS on November 26, 2024, Hanesbrands Inc [HBI] has been rated up from a Neutral to a Buy and the price target has been revised to $11 from $9. Analysts at Credit Suisse downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 31, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Underweight” for HBI. Earlier on July 13, 2022, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for HBI stock which previously was a “an Outperform”.
Analyzing HBI Stock Performance
During the last five days, there has been a drop of approximately -19.69%. Over the course of the year, Hanesbrands Inc shares have dropped approximately -24.32%. Shares of the company reached a 52-week high of $8.84 on 01/15/25 and a 52-week low of $5.70 on 02/13/25. A 50-day SMA is recorded $8.03, while a 200-day SMA reached $6.69. Nevertheless, trading volume fell to 8.16 million shares from 8.35 million shares the previous day.
Support And Resistance Levels for Hanesbrands Inc (HBI)
According to the 24-hour chart, there is a support level at 6.08, which, if violated, would cause prices to drop to 6.00. In the upper region, resistance lies at 6.28. The next price resistance is at 6.40. RSI (Relative Strength Index) is 27.11 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 83.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
