Sector Update: Consumer

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Consumer shares are flat to higher in pre-bell trading today.

Caesars Entertainment ( CZR ) is down 5% as it says it is starting an underwritten public offering of 10 million shares of its common stock.

Caesars expects to grant the underwriter of the offering an option to purchase up to 1.5 million additional shares of its common stock. Caesars and its financial sponsors, affiliates of TPG Capital LP and Apollo Global Management, LLC, have agreed to a lock-up for a period of 60 days after the date of the prospectus supplement for the offering.

And, Nu Skin Enterprises ( NUS ), steady at $97.25 in pre-market, says it has received FDA clearance to market a facial spa device for over-the-counter cosmetic use. The company's 510(k) application was filed approximately one year ago. The company estimates that the facial spa will become available for sale some time during the first half of 2014.



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: CZR , NUS

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50,893,843
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43,859,280
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As of 8/19/2014, 04:03 PM

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