Aug. 14 at 7:04 AM
The U.S. T-shirt maker
$HBI shares surged +27.95% on Tuesday at
$6.18 after it was reported that Hanesbrands was nearing a deal to be acquired by Canada based Gildan Activewear for
$2.2 billion.
$GIL shares slid -3.57% at
$49.12.. Shares of Hanesbrand rose an additional +3.72% on Wednesday at
$6.41. The stock is up +53.72% in the past 5 sessions, +45.02% in the past month, but down -21.25% in 2025. Shares are up +6.83% y/y, with a market cap of
$2.27B.
