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Sector Update: Consumer Stocks Mixed Premarket Tuesday
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Sector Update: Consumer Stocks Mixed Premarket Tuesday
Jun 25, 2024 6:51 AM

09:15 AM EDT, 06/25/2024 (MT Newswires) -- Consumer stocks were mixed premarket Tuesday with the Consumer Discretionary Select Sector SPDR Fund ( XLY ) falling 0.3% and the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.2%.

Birkenstock Holding ( BIRK ) was 4.7% lower after saying an entity affiliated with L Catterton launched a secondary public offering of 14 million Birkenstock ( BIRK ) shares.

Kaival Brands Innovations Group ( KAVL ) was up more than 21% after saying it closed a $6 million public offering of units.

Sealed Air ( SEE ) was up over 1% after saying about $277.8 million of its 5.5% senior notes due 2025 were validly tendered at or before the offer expiration on June 24.

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