Consumer Cos Climb Amid Deal Activity - Consumer Roundup

Consumer companies rose amid deal activity.

Food processor Kraft Heinz rose after The Wall Street Journal reported the company was exploring a sale of its Oscar Mayer cold cuts, bacon and hot-dog brand, likely seeking between $3 billion and $5 billion.

Seritage Growth Properties shares tumbled after the owner of many of Sears Holdings' legacy properties in malls and elsewhere reported first-quarter earnings shy of investors' expectations.

GameStop shares jumped by the most since the meme-stock buying frenzy, as the Reddit user known as "Roaring Kitty" hinted he would start orchestrating more buying raids of the videogame chain's shares.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

05-13-24 1706ET