Sector Update: Consumer Stocks Advance Premarket Friday

MT Newswires Live09-26

Consumer stocks were advancing premarket Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.02% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.5%.

Legacy Education (LGCY) stock was down more than 13% after the company reported a decline in fiscal Q4 net income.

Six Flags Entertainment (FUN) activist investor Land & Buildings Investment Management intends to push the theme park operator to spin out or sell its real estate, among other changes, in a renewed bid to help boost its stock price, The Wall Street Journal reported, citing people familiar with the matter. Shares of Six Flags Entertainment were up 2.5% pre-bell.

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