Markets

Consumer Sector Update for 10/02/2015: WOWO, OLLI, AMC

Top Consumer Shares:

WMT: -1.0%

MCD: -0.7%

DIS: -1.1%

CVS: -0.8%

KO: flat

GE: -0.1%

Consumer shares were mainly lower ahead of the opening bell Friday.

In consumer stocks news, Wowo Limited ( WOWO ), a Chinese online e-commerce platform in the catering industry in China, said Jianguang Wu has tendered his resignation as the Co-CEO, effective on September 30, 2015.

Shares in the company were unchanged at $7.51 pre-bell. Over the past 52 weeks, the company has traded between $4.11 and $13.00.

Meanwhile, Ollie's Bargain Outlet ( OLLI ) shares were upgraded by Credit Suisse to outperform from neutral while the firm retained its $20 price target.

Shares in the company were also unchanged at $16.08 pre-bell. Over the past 52 weeks, the company has traded between $15.45 and $22.91.

And theatrical exhibition business AMC Entertainment Holdings ( AMC ) saw its price target lowered to $28 from $30 by Topeka, while the firm retained its hold rating on the stock.

Shares in the company were flat at $24.89 pre-bell. Over the past 52 weeks, the company has traded between $21.10 and $36.13.

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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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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