Consumer Stocks Mixed in Late Trade; Short-Seller Said Eying Safeway, Sending Shares Slumping

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Consumer stocks are ending mixed with shares of consumer staples companies in the S&P 500 slipping 0.1% while shares of consumer discretionary firms in the S&P 500 are up nearly 1.2%.

In company news, Safeway ( SWY ) is down 3.2% at $32.92 a share, climbing nearly $1.50 off its worst levels of the session with the grocery chain dogged by rumors an activist investor has a negative outlook on the company.

Shares also were pressured today following reports SWY has begun talks with several unions representing its employees with simmering worries over a potential strike.

In other sector news,

(+) GRPN, Acquires Korean ecommerce company Ticket Monster for $100 mln in cash and $160 mln in stock. Q3 EPS of $0.02, ex items, meets estimates but revenue lags by 3.4%. Guides Q4 earnings, revenue in-line with Street view.

(-) TRMR, Posts Q3 revenue and adjusted EPS that missed Wall Street expectations. It also provided downside guidance for Q4 and FY13, forecasting revenue trailing analyst estimates by at least $8.05 mln and $10.01 mln, respectively.



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This article appears in: Investing , Commodities

Referenced Stocks: SWY

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