financetom
Business
financetom
/
Business
/
Sector Update: Consumer Stocks Lean Lower Premarket Monday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Lean Lower Premarket Monday
Oct 7, 2024 6:34 AM

09:14 AM EDT, 10/07/2024 (MT Newswires) -- Consumer stocks were leaning lower premarket Monday with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% lower recently.

The Duckhorn Portfolio ( NAPA ) shares were up more than 102% after the company reported fiscal Q4 adjusted net income per share and net sales that topped estimates from analysts polled by Capital IQ. Separately, the company and Butterfly Equity said they signed a deal for the private equity firm to buy Duckhorn for roughly $1.95 billion in cash, or $11.10 per share.

Vista Outdoor ( VSTO ) shares were up almost 10% after the company said it signed a definitive deal to sell its Revelyst unit to funds managed by Strategic Value Partners under an all-cash transaction with an enterprise value of approximately $1.3 billion.

Wynn Resorts ( WYNN ) shares were almost 2% higher after the company said its joint venture with Marjan and RAK Hospitality was granted a commercial gaming facility operator license in the United Arab Emirates for the development of the Wynn Al Marjan Island resort in Ras Al Khaimah, UAE.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Apple Vision Pro to Launch in China in 2024, Chief Executive Tim Cook Reportedly Says
Apple Vision Pro to Launch in China in 2024, Chief Executive Tim Cook Reportedly Says
Mar 25, 2024
09:35 AM EDT, 03/25/2024 (MT Newswires) -- Apple ( AAPL ) Chief Executive Tim Cook said he Vision Pro headset will launch in China this year, CNBC and Reuters reported, citing Chinese state media. Cook disclosed the planned launch in response to a question posed on the sidelines of a forum in Beijing, Reuters reported. Apple ( AAPL ) didn't...
Birchtree Investments Ltd. Announced Investment In Valkyrie Specialty
Birchtree Investments Ltd. Announced Investment In Valkyrie Specialty
Mar 25, 2024
09:36 AM EDT, 03/25/2024 (MT Newswires) -- Birchtree Investments Ltd. (CSE: BRCH), an investment company with the long-term goal of divesting its investment assets at a profit, over the weekend announced a new investment into Valkyrie Specialty Corporation, a Texas based provider of well remediation and restimulation services to help oil and gas companies recover remaining assets, remove previously deployed...
Equinix commences investigation into short-seller Hindenburg's report
Equinix commences investigation into short-seller Hindenburg's report
Mar 25, 2024
(Reuters) - Data center firm Equinix ( EQIX ) said on Monday its audit committee has commenced an independent investigation into the allegations made by short-seller Hindenburg Research in its report last week. Hindenburg in its report alleged that Equinix ( EQIX ), which operates as a real estate investment trust, was using an accounting trick to boost its adjusted...
Why Is EV Maker Lucid Stock Surging Today?
Why Is EV Maker Lucid Stock Surging Today?
Mar 25, 2024
Shares of electric vehicle manufacturer Lucid Group Inc ( LCID ) are trading higher after the company entered into an agreement with its majority stockholder, Ayar Third Investment Company. Ayar, an affiliate of the Public Investment Fund (PIF), will purchase $1 billion of newly created series of convertible preferred stock via private placement. Lucid intends to use the net proceeds from the private...
Copyright 2023-2026 - www.financetom.com All Rights Reserved