Consumer stocks were lower late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.1%.
In company news, Blue Star Foods (BSFC) said it allocated $2.57 million from its recently closed equity raise to redeem and terminate the largest of three outstanding convertible notes to Lind Partners to reduce debt. Blue Star shares fell 8.5%.
Shares of Wayfair ( W ) fell above 10% after Loop Capital cut its price target on the e-commerce retailer from $65 to $60.
Clorox ( CLX ) said Monday it expects a “material” impact on its fiscal Q1 results from last month’s cybersecurity attack, which caused delays in order processing and led to major product outages. Clorox shares fell 2.2%.
Knowles (KN) said Monday it agreed to buy Cornell Dubilier, a company that makes film, electrolytic and mica capacitors used for medical, military, aerospace and industrial electrification purposes, for $263 million. Knowles also said it is evaluating strategic alternatives for its Consumer MEMS microphone business. Knowles shares rose 6.4%.
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