Gildan Activewear (GIL) Soars 1.74% on Strong ESG Report

Gildan Activewear (GIL) shares rose 0.22% today, reaching their highest level since March 2025 with an intraday gain of 1.74%.

Gildan Activewear Inc. (GIL) experienced varying degrees of stock price appreciation following the attainment of a new high:

Short-Term Performance:

- One Week After the High: The stock showed a tendency to consolidate, with a slight increase of 2.46% on average. This was likely due to market adjustments after the initial excitement of reaching a new high.

- One Month After the High: The performance was more modest, with an average increase of 1.87%. This could indicate a period of stabilization or a slight pullback after the initial surge.

Medium-Term Performance:

- Three Months After the High: The average increase in stock price was 6.42%. This suggests that after any initial hesitation, investor confidence may have led to a more sustained upward movement in the stock price. This period might also reflect broader market conditions and company-specific news that could have supported the continued rise.



Conclusion: Gildan Activewear's stock tends to perform well in the medium term following the achievement of a new high, with a more pronounced increase observed over three months compared to the immediate aftermath. This indicates that while there may be some consolidation in the short term, investor optimism and market dynamics can lead to sustained price appreciation in the medium to long term.

The primary factor influencing Gildan Activewear's stock price is the release of its 2024 ESG Report on May 20, 2025. The report showcases notable progress towards its sustainability objectives, including a 25.2% reduction in water intensity since 2018, an increase in sustainable cotton sourcing to 77.3% in 2024 from 35.7% in 2023, and a doubling of recycled polyester usage. These achievements reflect Gildan's dedication to its Next Generation ESG strategy, which is a key component of its business operations and growth plan.

Gildan's ESG efforts have garnered multiple recognitions, such as being included in S&P Global's 2025 Sustainability Yearbook and CDP's Leadership Band for climate change disclosure. These accolades further validate the company's commitment to sustainability and responsible business practices, which are increasingly important to investors and consumers alike.