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FUV

Consumer Sector Update for 10/04/2019: FUV,BTI,ASNA

Top Consumer Stocks

WMT +1.35%

MCD +0.24%

DIS +1.17%

CVS +1.14%

KO +0.66%

Consumer stocks were mostly higher on Friday, with the shares of consumer staples companies in the S&P 500 rising over 0.9% this afternoon while shares of consumer discretionary firms in the S&P 500 were posting a more than 0.6% gain.

Among consumer stocks moving on news:

(-) Arcimoto (FUV) tumbled 16% on Friday after the maker of three-wheel electric vehicles priced a private placement of over 1.04 million of its common shares at $2.25 apiece, representing a 20.2% discount to its most recent closing price. Investors also received a warrant to buy an additional share at $2.83 for each share they purchased through the offering.

In other sector news:

(-) British American Tobacco (BTI) fell fractionally after the Federal Trade Commission said it has opened an inquiry into six e-cigarette companies, including BTI's RJ Reynolds Vapor indirect subsidiary, asking for their "sales, advertising and promotional practices" between 2015 to 2018. The companies have until Jan. 2 to turn over the data, according to reports.

(-) Ascena Retail Group (ASNA) slid about 1.6% after late Thursday reporting an adjusted net loss of $0.13 per share for its fiscal Q4 ended Aug. 3, expanding on a $0.01 per share loss during the same quarter last year. Analyst estimates were not available for comparison.

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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FUV BTI ASNA