Consumer stocks were mixed premarket Tuesday, with The Consumer Staples Select Sector SPDR Fund (XLP) 0.5% higher and The Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.1%.
Lifeway Foods (LWAY) said its board has responded to a recent letter sent by investor Danone North America reaffirming that it rejected Danone's unsolicited takeover offer for the company because it "severely undervalues" Lifeway. Lifeway Foods shares were more than 1% lower pre-bell.
Miniso Group Holding (MNSO) shares were up nearly 3%, swinging from a fall of more than 12% on Monday, when it announced that it expects to raise $550 million through an offering of equity-linked securities maturing in 2032.
McDonald's (MCD) is rolling back some of its policies on increasing diversity and minority representation in its business operations, according to a note sent to franchisees, employees and suppliers Monday. McDonald's shares were up 0.2% in recent Tuesday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.