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


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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.

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



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