09:20 AM EDT, 04/22/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Monday with the Consumer Staples Select Sector SPDR Fund ( XLP ) advancing by 0.4% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.2% recently.

Vista Outdoor ( VSTO ) was up more than 3% after saying it is engaging in talks with MNC Capital and advised the latter to increase its proposed takeover offer for the company. MNC Capital offered to acquire Vista on March 25 for $37.50 per share.

Gildan Activewear ( GIL ) was over 1% higher after saying it had appointed five new directors following a board reshuffle that included appointing Timothy Hodgson as Independent Nonexecutive Chair amid a proxy campaign by activist investor Browning West.

Amazon.com ( AMZN ) advertising executive Colleen Aubrey is moving to a new position within the company after nearly three years as senior vice president of advertising products and tech, Reuters reported, citing Amazon ( AMZN ) spokesperson Kristin Mariani. Amazon.com ( AMZN ) was up more than 1% in recent premarket activity.