09:07 AM EDT, 07/01/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Monday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% higher recently.

Chewy (CHWY) rose more than 11% after Keith Gill, the stock influencer known as "Roaring Kitty," disclosed a 6.6% stake in the company.

MNC Capital Partners said it has submitted a merger agreement to Vista Outdoor ( VSTO ) for its $42 per share all-cash proposal. Vista Outdoor ( VSTO ) was almost 6% higher pre-bell.

e.l.f. Beauty (ELF) was up more than 1% after saying it is expanding its collaboration with Roblox ( RBLX ) to create an immersive online platform to test real-world commerce on Roblox ( RBLX ).