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HBI / Hanesbrands stock jumps toward a 5-month high after WSJ report of activist investor pushing for change

Shares of Hanesbrands Inc. HBI, -2.25% jumped 5.6% toward a five-month high in premarket trading Tuesday, after the The Wall Street Journal reported that activist investor Barington Capital is pushing the underwear company to make moves to reverse the weakness in the stock, and to make changes to its board of directors. Barington, which the WSJ report said has built up an undetermined stake in Hanesbrands, has told the company that it needs to immediately focus on cash generation and debt reduction, and said management's ineffective response to market challenges has led to rapidly deteriorating results. Read More

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HBI

Posted: Aug 8 2023, 07:41

Author Name: Market Watch

HBI News

By CNBC
November 1, 2023

Hanesbrands is shopping Champion — and WHP Global, Authentic Brands Group are both interested in buying

Hanesbrands is considering a sale of its Champion sportswear brand and WHP Global and Authentic Brands Group are both interested in buying it.

By Seeking Alpha
October 20, 2023

Hanesbrands: Still Falling Short

By Business Wire
October 19, 2023

HanesBrands Provides Details for Third-Quarter 2023 Earnings Announcement and Investor Conference Call

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI) today provided details for its third-quarter 2023 investor conference call at 8:30 a.m.

By The Motley Fool
October 15, 2023

2 Stocks Left for Dead That Could Be Ready to Rocket Higher

The stock market sometimes takes things a little too far. AT&T is facing legitimate challenges, but the stock is extremely cheap based on free cash fl

By Zacks Investment Research
October 13, 2023

Hanesbrands (HBI) Battles Macro-Driven Slowdown & High Costs

Hanesbrands (HBI) is grappling with a rising inflationary environment. The challenging apparel market, mainly in Australia, is a concern.

By PennyStocks
October 13, 2023

Penny Stocks To Buy Now? 8 To Watch With Unusual Options Action

Penny stocks, defined as equities under $5 per share, offer huge upside potential but also higher risk. Savvy traders look for signals from options ac

By PennyStocks
October 11, 2023

5 Penny Stocks To Buy For Under $5 With Unusual Options Action

If you're looking for penny stocks to buy today, broad stock market news might not be at the top of your mind. However, whether focusing on small cap

By The Motley Fool
September 29, 2023

Why Hanesbrands Stock Is Sinking This Week

Investors are weighing the implications of Hanesbrands potentially selling off its Champion unit. Hanesbrands stock is also being impacted by concerns

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