Hanesbrands chairman sells 60,000 shares

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Hanesbrands chairman sells 60,000 shares

Bobby Raines 10/11/2013

Richard Noll, the chairman and CEO of Hanesbrands ( HBI ) , sold 60,000 of the comapny's shares recently. Noll sold 30,000 shares at $62.60 on Sept. 10, and another 30,000 at between $50.73 and $60.59 on Oct. 8. All together, Noll pulled in $3,652,513 for the two sales.

IK-> The technicals for HBI ($60.15 down $0.25) are bullish with a neutral trend. Recent support has been around $58.20 and recent resistance has been near $60.69. Standard & Poor's does not follow the stock. Look at the Jan. 70/75 bear-call spread for a 25-cent credit. That's a 5.26% return and the stock has to rise 16.4% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options
Referenced Symbols: HBI

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