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Melvin Capital Management LP Trimmed Alibaba Group Hldg LTD (Call) (BABA) Stake; Gildan Activewear (GIL) Sellers Decreased By 9.68% Their Shorts

Gildan Activewear Incorporated (NYSE:GIL) had a decrease of 9.68% in short interest. GIL’s SI was 9.63M shares in February as released by FINRA. Its down 9.68% from 10.66 million shares previously. With 399,500 avg volume, 24 days are for Gildan Activewear Incorporated (NYSE:GIL)’s short sellers to cover GIL’s short positions. The stock decreased 0.58% or $0.18 during the last trading session, reaching $30.67. About 131,457 shares traded. Gildan Activewear Inc. (NYSE:GIL) has declined 3.41% since February 20, 2017 and is downtrending. It has underperformed by 20.11% the S&P500.

Melvin Capital Management Lp decreased Alibaba Group Hldg Ltd (Call) (BABA) stake by 47.99% reported in 2017Q3 SEC filing. Melvin Capital Management Lp sold 2.05M shares as Alibaba Group Hldg Ltd (Call) (BABA)’s stock rose 22.58%. The Melvin Capital Management Lp holds 2.22M shares with $383.19M value, down from 4.27M last quarter. Alibaba Group Hldg Ltd (Call) now has $484.15B valuation. The stock increased 2.73% or $5.01 during the last trading session, reaching $188.69. About 10.10 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 20, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Melvin Capital Management Lp increased Amazon Com Inc (Call) (NASDAQ:AMZN) stake by 110,200 shares to 295,800 valued at $284.37 million in 2017Q3. It also upped Amazon Com Inc (NASDAQ:AMZN) stake by 221,165 shares and now owns 406,765 shares. Wyndham Worldwide Corp (Call) (NYSE:WYN) was raised too.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 168 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Monday, June 12. On Wednesday, August 26 the stock rating was maintained by M Partners with “Buy”. Jefferies maintained the stock with “Buy” rating in Thursday, July 13 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Bank of America on Thursday, September 7. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Overweight” rating given on Tuesday, June 28 by Morgan Stanley. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Friday, August 12 by Credit Suisse. Robert W. Baird maintained the shares of BABA in report on Thursday, November 2 with “Buy” rating. The rating was initiated by Needham on Friday, April 15 with “Buy”. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, June 8 by Stifel Nicolaus. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Morgan Stanley on Thursday, December 8.

Among 14 analysts covering Gildan Activewear Inc. (NYSE:GIL), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Gildan Activewear Inc. had 35 analyst reports since August 4, 2015 according to SRatingsIntel. BMO Capital Markets maintained Gildan Activewear Inc. (NYSE:GIL) rating on Thursday, August 3. BMO Capital Markets has “Buy” rating and $3400 target. As per Friday, October 20, the company rating was maintained by BMO Capital Markets. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, July 12. The firm has “Buy” rating by GMP Securities given on Friday, August 4. The rating was upgraded by Credit Suisse to “Outperform” on Friday, October 16. The firm has “Neutral” rating by Macquarie Research given on Wednesday, November 1. On Tuesday, July 11 the stock rating was downgraded by RBC Capital Markets to “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $32 target in Thursday, February 25 report. As per Thursday, November 2, the company rating was maintained by GMP Securities. The firm has “Outperform” rating given on Friday, November 13 by RBC Capital Markets.

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