Why Mattel Inc. Stock Slumped Today
Shares of Mattel, Inc. (NASDAQ: MAT) were slumping today after concerns rose again about the toy maker's performance over the holiday season. Though there was no specific news out on the stock today, shares have been volatile all week since the company cut its holiday-quarter guidance on Monday, which seemed to be the impetus for today's sell-off.
As of 3:03 p.m EST, the stock was down 5.2%.
Barbie and her dream horse. Image source: Mattel.
Source: Fool.com
Mattel Inc. Stock
€12.88
-0.900%
Mattel Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
As a result the target price of 16 € shows a positive potential of 24.19% compared to the current price of 12.88 € for Mattel Inc..
