Consumer Sector Update for 09/21/2021: CMG, APRN, BIG

Consumer stocks were firmer in late trading, with the SPDR Consumer Staples Select Sector ETF (XLP) up 0.2%, recovering from some early weakness, while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.6%.

In company news, Chipotle Mexican Grill (CMG) said Tuesday it will offer smoked brisket at US and Canadian restaurants for a limited time. The stock was up almost 1%.

Blue Apron's (APRN) shares are up over 17% after it filed a registration statement for a fully backstopped equity rights offering, which represents $45 million of its planned $78 million capital raise.

Big Lots (BIG) slipped over 5% after Piper Sandler downgraded the retail company's stock rating to neutral from overweight and cut the share price target to $50 from $60.

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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