03:55 PM EDT, 08/10/2026 (MT Newswires) -- Consumer stocks declined late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.3%.
In corporate news, Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax ( HZO ) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. MarineMax ( HZO ) shares surged 46%.
Lincoln Educational Services ( LINC ) shares fell 23% after the company reported lower-than-expected student start growth of only 1% in Q2.
GameStop ( GME ) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay ( EBAY ) , Bloomberg reported Monday. Cohen is instead weighing a proposal for a joint venture or partnership that would let eBay ( EBAY ) leverage GameStop's ( GME ) roughly 1,600 US retail locations, the report said. GameStop ( GME ) shares were down 1.8%, and eBay ( EBAY ) fell 3.4%.
Imax ( IMAX ) said Monday that "The Odyssey" is now the highest grossing IMAX ( IMAX ) release of all time with $289 million in ticket sales in less than a month. The film has taken in a total of $147 million in IMAX ( IMAX ) in North America during the period, the company said. Imax ( IMAX ) shares gained 4.9%.