Consumer Sector Update for 10/01/2015: AYA,AYA.TO,PLAY,CROX
Top Consumer Stocks
Consumer stocks were ending mixed this afternoon, with shares of consumer staples companies in the S&P 500 still underwater with a 0.1% decline while shares of consumer discretionary firms in the S&P 500 were climbing nearly 0.5%.
In company news, Amaya Inc. (AYA,AYA.TO) shares surged Thursday, enjoying their best advance in 15 months after the Canadian gambling company was approved by state regulators to to offer online gambling in New Jersey.
The New Jersey Division of Gaming Enforcement said the company has "strong, ethical and trusted ownership and management," and was "worthy of participating in New Jersey's regulated online gaming market." Ayaya currently has an agreement with the Resorts Casino Hotel in Atlantic City to offer online gaming through its PokerStars and Full Tilt brands.
AYA shares were up almost $20% at $21.80 each, earlier climbing to a session high of $22.68 a share.
AYA.TO shares also were sharply higher, rising over 18% to C$28.77 this afternoon at the Toronto Stock Exchange.
In other sector news,
(+) PLAY, rices public offering of 6 mln shares of its common stock at $37 per share, a 2.2% discount to yesterday's closing price.
(-) CROX, Cut to Neutral by Overweight at Piper Jaffray, which also trimmed its price target for the stock by $5 to $12 a share.
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