Top consumer stocks were mostly lower in pre-market trading Thursday.
Stocks moving on news include:
(+) Bed Bath & Beyond (BBBY), which was more than 19% higher as the company named Mark Tritton, formerly a key executive at Target (TGT), as its chief executive, ushering in a new era of leadership that is expected to accelerate the company's transformation program.
In other sector news:
(-) Hormel Foods (HRL) was declining in recent trading even after it increased its fiscal 2019 earnings guidance to a range of $1.76 to $1.80 per share from a prior range of $1.71 to $1.85 per share. Analysts polled by Capital IQ expect fiscal 2019 adjusted EPS of $1.74 and GAAP EPS of $1.77.
(-) General Motors (GM) was marginally lower after saying it sold 689,531 cars in China in the September quarter, a drop of 17.5% in the comparable period a year ago.
Price: 11.85, Change: +1.91, Percent Change: +19.22
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