Gildan Stock Trades Near 52-Week High: Can the Rally Continue?

Gildan Activewear Inc. (GIL) has been on a steady upward trajectory, recently approaching its 52-week high of $55.39 reached last Friday. This surge reflects the company’s outstanding performance, fueled by market share expansion, strong sales growth and enhanced operational efficiency.The stock’s momentum received an additional boost from Gildan’s fourth-quarter 2024 earnings report released on Feb. 19, which surpassed market expectations. The results highlighted robust revenue growth, margin expansion and ...