Top Consumer Stocks
Consumer stocks were narrowly mixed this afternoon, with shares of consumer staples companies in the S&P 500 slipping about 0.2% while shares of consumer discretionary firms in the S&P 500 were up about 0.2%.
In company news, shares of Angie's List ( ANGI ) rose Wednesday after saying co-founder and Chief Executive William Oesterle was leaving the consumer-recommendations company to pursue other interests.
The company also reiterated its FY15 sales outlook and raised its EBITDA forecast by $2 million over its prior guidance to a new range of $30 million to $32 million.
In a statement, ANGI said Oesterle wants to become "more civically involved" in the company's home state of Indiana but will continue as CEO until a successor is found. He also plans to finish out his current term as a director on the ANGI board.
The company has hired an executive search firm to assist with identifying a new CEO.
ANGI shares were up more than 12% at $6.30, earlier climbing to a session high of $6.50 a share. The stock has traded within a 52-week range of $4.36 to $14.65 a share, dropping more than 45% over the past year ahead of Wednesday's rise.
In other sector news,
(+) SWHC, (+13.3%) Raises Q4 EPS outlook by $0.10 from prior guidance to new range of $0.34 to $0.36 per share, topping consensus by at least $0.07 per share. Also increases revenue forecast at least $10.7 mln above Street view.
(-) SFS, (-2.5%) Prices secondary offering of 10 mln shares previously owned by Ares Management and others at $18.50 per share, a 2.5% discount to Tuesday's closing price.
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