Top Consumer Stocks,
Consumer stocks are narrowly mixed near the close today with
shares of consumer staple companies in the S&P 500 climbing
less than 0.1%. Shares of consumer discretionary stocks in the
S&P are down less than 0.1%.
In company news, Chiquita Brands International (
) is holding on to a 0.4% gain to $12.65 a share, just off its
session high of $12.70 after today filing a mixed securities shelf
registration for up to $500 million in new securities.
Under the S-3 filing with regulators, the fruit distribution
firm can offer from time to time any combination of common and
preferred stock, debt securities, stock purchase units, warrants
and subscription rights. The preliminary prospectus states the
company would use any funds raised from an offering for working
capital, capital projects, repaying debt and possible
In other sector news,
(+) JOSB, In a letter to the company's board, BeaconLight
Capital LLC rails against apparent lack of independent directors,
saying the current board "defers to the Chairman (and former CEO)
Robert Wildrick and seems to ignore other stakeholders."
(-) MCOX, Q2 net loss unchanged from last year at $4.2 mln. Net
revenues fell 43.5% year over year to $21.0 mln. No analyst
estimates available for comparison.
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