Markets
ODP

Consumer Sector Update for 09/25/2015: SBUX, PYPL, SPLS

Top Consumer Shares:

WMT: +1.0%

MCD: +0.7%

DIS: +1.4%

CVS: +1.3%

KO: +1.2%

GE: +0.8%

Consumer shares were higher ahead of the opening bell Friday.

In consumer stocks news, shares of Starbucks ( SBUX ) were 1.4% higher at $59.19 pre-market Friday after the coffee chain announced it will raise the average wages for U.K. workers to just under GBP 8 pounds ($12.18) an hour starting in November and provide them with interest-free loans for housing or rent deposits.

Shares in the company have traded between $35.39 and $59.32 over the past 52 weeks.

Payment solutions company Paypal ( PYPL ) is recommending that its shareholders reject the mini tender offer from TRC Capital to buy 3 million shares in the firm at $32.80 apiece, being 4.6% below the closing price of Paypal on September 9.

Shares in the company were 3.0% higher at $34.91 pre-bell. Over the past 52 weeks, the company has traded between $30 and $42.55.

And, Staples ( SPLS ) Friday issued a response to news that the European Commission will embark on a Phase II review of Staples' Office Depot ( ODP ) acquisition, which if consummated would be a merger of office-product retailing giants.

The company's shares remained unchanged at $12.69 pre-bell. Over the past 52 weeks, the company has traded between $11.39 and $19.40.

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.


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

In This Story

ODP PYPL SBUX

Other Topics

Commodities

Latest Markets Videos