03:58 PM EDT, 07/01/2024 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, Li Auto ( LI ) shares jumped 7%. The company delivered 47,774 vehicles in June, a nearly 47% increase from a year earlier.

Chewy (CHWY) shares reversed early morning gains after a regulatory filing showed that meme stock influencer Keith Gill, known as "Roaring Kitty" on social media, has a 6.6% stake in the online pet store. Chewy shares fell 6% in recent trading.

Chicken Soup for the Soul Entertainment ( CSSE ) filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware on Friday, according to a notice on the court's website. Its shares plunged 41%.

Birkenstock ( BIRK ) is executing its direct-to-consumer expansion strategy better than expected, UBS Securities in a report. UBS upgraded the footwear maker to buy from neutral and raised price target to $85 from $52. Birkenstock ( BIRK ) shares rose 2%.