Consumer Sector Update for 07/19/2019: RRGB, GCI, NEWM, BUD, WMT, MCD, DIS, CVS, KO

Shutterstock photo

Top Consumers Stocks:

WMT: Flat

MCD: +0.27%

DIS: +0.25%

CVS: +0.36%

KO: -0.06%

Consumer giants were mixed pre-bell Friday.

Stocks moving on news include:

(+) Red Robin Gourmet Burgers ( RRGB ), which was up more than 13% after it confirmed that it has received an unsolicited conditional takeover bid from Vintage Capital Management, which is offering to acquire all outstanding Red Robin common shares for $40 in cash apiece.

(+) Gannett ( GCI ) was gaining more than 11% in value amid media reports that Publisher GateHouse Media, the holding company for New Media Investment Group ( NEWM ), is in advanced talks to acquire the company.

(+) Anheuser-Busch InBev ( BUD ) was rallying by more than 5% after it agreed to sell its Australian subsidiary to Japan's Asahi Group Holdings for AUD16 billion ($11.3 billion).

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Business , Commodities
Referenced Symbols: RRGB , GCI , NEWM , BUD , WMT

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?