Gildan Activewear, Inc. shares are trading higher following a Globe and Mail report suggesting the board has put the company up for sale.
Portfolio Pulse from Benzinga Newsdesk
Gildan Activewear, Inc. (GIL) shares are experiencing an uptick after a report by the Globe and Mail indicated that the company's board is considering selling the company.
March 19, 2024 | 5:54 pm
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Gildan Activewear, Inc. shares are trading higher after reports of the company being put up for sale.
The news of Gildan Activewear, Inc. potentially being put up for sale can lead to speculative trading, driving the stock price up in the short term as investors may anticipate a premium offer for the company.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100