Consumer Cos Flat as Meme Stocks Slip - Consumer Roundup
Consumer companies were more or less flat as meme stocks pulled back.
GameStop shares fell after The Wall Street Journal reported that E*Trade is considering banning meme-stock pioneer Keith Gill over allegations that he's manipulating the videogame store chain's stock.
The chief executive of cannabis producer Green Thumb, Ben Kovler, sent a letter to Boston Beer founder and Chairman Jim Koch on Sunday seeking to discuss a potential combination.
Bath & Body Works shares slipped after the purveyor of bath paraphernalia forecast growth shy of Wall Street estimates.
Best Buy shares continued to gain as investors bet a new lineup of artificial-intelligence enabled laptops will draw customers to the electronics store.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 04, 2024 16:59 ET (20:59 GMT)
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