Consumer Shares Falling in Late Trade; CHS Tumbles After Pricing $250-Mln Offering

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Top Consumer Stocks,

WMT -0.20%

MCD -0.69%

DIS -0.96%

CVS -2.12%

KO -0.85%

Consumer stocks are lower today with shares of consumer staples companies in the S&P 500 sliding 0.6%. Shares of consumer discretionary firms in the S&P 500 also are down around 0.6%.

In company news, CHS Inc. ( CHSCP ) is down 8.7% at $29.15 a share shortly before the closing bell and the agribusiness firm today pricing an offering of 10 mln shares of its Class B of 7.875% accumulative redeemable preferred stock at $25.00 per share.

CHSCP is expecting to pocket about $241.6 million in net proceeds after underwriting discounts, commissions and other offering costs are deducted.

Empire Resorts

In other sector news,

(+) NYNY, Federal judge in Manhattan dismisses lawsuit brought by Concord Associates accusing the casino company of antitrust violations and seeking over $500 million in damages.

(-) JCP, Vornado Realty Trust sells 13.4 million shares - its entire 6.1% stake - of the department store chain's stock at $13.10 apiece, according to Dow Jones Newswires, citing a person familiar with the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: CHSCP

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