Shares of Hanesbrands Inc. jumped 2.2% in premarket trading Tuesday, after the clothes and underwear seller said it is considering a broad range of...
Shares of Hanesbrands Inc. HBI, -3.67% jumped 2.2% in premarket trading Tuesday, after the clothes and underwear seller said it is considering a broad range of alternatives for its Champion athletic-apparel business, including a potential sale. The company said it has not set a timetable to complete its review of alternatives, and there is no assurance that the review will result in any transaction.
“In recent years, the executive leadership team has implemented significant structural improvements within Champion that have resulted in greater distinction between the company’s innerwear and activewear businesses,” said Chairman Ronald Nelson. “With this in mind, and after careful consideration, we have commenced a comprehensive review of strategic options for the global Champion business.” The stock has tumbled 29.9% year to date through Monday, while the S&P 500 SPX, +0.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Inc. stock outperforms competitors on strong trading dayShares of Apple Inc. rose 1.69% to $177.97 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ...
Read more »
Netflix Inc. stock underperforms Monday when compared to competitorsShares of Netflix Inc. dropped 0.64% to $394.40 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index...
Read more »
Tesla Inc. stock falls Monday, underperforms marketShares of Tesla Inc. shed 3.32% to $265.28 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ...
Read more »
| Aurora Cannabis Inc. Stock Quote (Canada: Toronto)ACB | Complete Aurora Cannabis Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Read more »
Berkshire Hathaway Inc. Cl B stock underperforms Monday when compared to competitors despite daily gainsShares of Berkshire Hathaway Inc. Cl B inched 0.70% higher to $370.43 Monday, on what proved to be an all-around favorable trading session for the stock...
Read more »
Alphabet Inc. Cl A stock outperforms competitors on strong trading dayShares of Alphabet Inc. Cl A inched 0.59% higher to $138.21 Monday, on what proved to be an all-around positive trading session for the stock market, with...
Read more »