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Is Hanesbrands Inc. (HBI) a Stock to Watch This Week?

Tuesday, August 11, 2020 09:51 AM | InvestorsObserver Analysts

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Is Hanesbrands Inc. (HBI) a Stock to Watch This Week?

Overall market sentiment has been high on Hanesbrands Inc. (HBI) stock lately. HBI receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Hanesbrands Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HBI!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HBI Stock Today?

Hanesbrands Inc. (HBI) stock is trading at $16.62 as of 9:49 AM on Tuesday, Aug 11, a rise of $0.84, or 5.32% from the previous closing price of $15.78. The stock has traded between $16.41 and $16.76 so far today. Volume today is light. So far 666,236 shares have traded compared to average volume of 8,581,148 shares.

To see the top 5 stocks in the Apparel Manufacturing industry click here.

More About Hanesbrands Inc.

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.

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