09:11 AM EDT, 08/12/2024 (MT Newswires) -- Consumer stocks were advancing pre-bell Monday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.3% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was 0.3% higher recently.

Life Time Group Holdings ( LTH ) shares fell past 5% following an announcement that the company and some of its existing stockholders plan to offer and sell 6 million shares each of Life Time Group ( LTH ) common stock in an underwritten public offering.

Activist investor Starboard Value has taken a stake in Starbucks ( SBUX ) and is pushing the coffee retailer to take measures to increase its stock price, The Wall Street Journal reported late Friday, citing people familiar with the matter. Starbucks ( SBUX ) shares were up nearly 3% premarket.

LL Flooring Holdings ( LL ) shares were over 4% higher after it filed for a voluntary Chapter 11 restructuring process in a bankruptcy court in Delaware.