Consumer Stocks Still Adding to Slight Rise; Cott Confirms Strategic Review …

Consumer Stocks Still Adding to Slight Rise; Cott Confirms Strategic Review …

February 5, 2014 Off By administrator

Consumer Stocks Still Adding to Slight Rise; Cott Confirms Strategic Review …
Article from NASDAQ:

Top Consumer Stocks

WMT +0.23%

MCD +0.58%

DIS +1.06%

CVS -0.93%

KO +0.53%

Consumer stocks were slightly higher this afternoon with shares of consumer staples companies in the S&P 500 advancing 0.2%. Shares of consumer discretionary firms in the S&P 500 are up about 0.3%.

In company news, shares of Cott Corp ( COT ) were off their best levels of the session after the Canadian private-label bottler of soft drinks Wednesday afternoon said it has hired Credit Suisse LLC to assist it with a strategic review of the company.

Responding to unusually heavy volume for the stock, COT executives said they have not identified a particular alternative, adding there can be no assurance the review will result in any action. The company does not plan to provide any updates on the process unless there is a material event or the process concludes.

Shares spiked as high as $ 8.54, up 7.2%, each shortly after coming off a brief trading halt this afternoon. The stock was up 1.6% at $ 8.09 in recent trade. Volume of nearly 2.4 million shares today has been over nine times its three-month average of around 256,800 shares.

In other sector news,

(+) GTN, Raised to Outperfor…………………continues on NASDAQ
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