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Sector Update: Consumer Shares Mixed Pre-Market; Online Retailers Rally on Strong Black Friday
By: MT Newswires
Top Consumer Shares:
Consumer shares are mixed in pre-bell trading.
eBay ( EBAY ) shares are up 3% in pre-market trade after Black Friday sales reportedly increased 35% until noon on Black Friday versus the year prior.
eBay was also upgraded today to a Buy from Neutral at SunTrust. EBAY is trading
in a 52-week range of $48.06 to $58.04.
Amazon ( AMZN ) sales rose 25%. Amazon is up about 1% pre-market at new 52-week highs.
And, Monster Beverage ( MNST ) is about 3% higher in early pre-market trade after JPMorgan raised its rating on the shares to Overweight from Neutral and boosted its price target to $74 from $70.
Finally, Hilton Worldwide (HLT) plans to launch an IPO of up to 112.8 million shares of common stock from $18 to $21, according to its S-1 filing.