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Sector Update: Share Flat to Higher Pre-Market; Lululemon Downgraded to Neutral From Overweight at JPMorgan Chase

Top Consumer Shares:

WMT: flat

MCD: -0.10%

DIS: -0.62%

CVS: flat

KO: flat

GE: -0.11%

Consumer shares were flat to lower in pre-market trade on Friday.

In consumer stocks news, Lululemon Athletica ( LULU ) shares were downgraded to neutral from overweight at JPMorgan Chase among several downgrades on the stock on Friday.

LULU was down 0.4% at $37.11, trading in a 52-week range of $37.00 to $77.75, having hit the low in Thursday's session after closing down 16% on a lackluster earnings report.

And, K12 Inc. ( LRN ), a technology-based education company said it has completed the sale of select businesses to Safanad Education Ventures Limited. LRN was steady in pre-market at $23.43.

Finally, Diana Shipping ( DSX ) said it secured a time-charter contract with Glencore to earn $9,000 per day for the use of a bulk vessel for 7 to 10 months.

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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