Top Consumer Stocks
CVS , -1.07%
Consumer stocks were broadly lower Monday, with shares of consumer staples companies in the S&P 500 sinking 3%, while shares of consumer discretionary firms in the S&P 500 fell 2%.
Among consumer stocks moving on news:
(-) Sirius XM Holdings ( SIRI ) slipped about 1.4% on Monday. The satellite radio company said Pandora Media ( P ) shareholders will vote Jan. 29 on its $3.5 billion buyout of the internet broadcaster. The move coincides with Friday's expiration of the Hart-Scott-Rodino antitrust waiting period.
In other sector news:
(-) Campbell Soup Co ( CPB ) fell 6.5% on Monday after the packaged food company selected Kraft Heinz ( KHC ) and Mondelez International ( MDLZ ) to participate in the second-round auction of its international business, Reuters reported, citing unidentified sources. Based on the first-round bids, Campbell could pocket almost $3 billion for its overseas business, Reuters reported.
(-) Youngevity (YGYI) tumbled 14.5% on Monday after the health and nutrition products company filed a Form S-3 registration statement for the sale of up to 1.6 million common shares by a group of institutional and individual shareholders from time to time.
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