Stock Alert: Hanesbrands Gains 7%

(RTTNews) - Hanesbrands Inc. (HBI) shares are rising on Tuesday morning as its e-commerce performance is gaining momentum amid COVID-19 pandemic. The maker of underwear, intimate apparel, and activewear has been making use of the pandemic period by making facemasks.

HBI shares are currently at $12.27, up 7.02 percent from its previous close of $11.46. The shares have been bullish for the last few weeks.

The company plans to report its quarterly results on July 30.

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

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