Why Mattel Stock Inched Higher on Monday
Shares of toy magnate Mattel (NASDAQ: MAT) inched 1.9% higher through noon ET on Monday, and the reason appears to be a rumor... grounded in fact.
It's a rumor that concerns potential mergers and acquisitions (M&A) activity going on behind the scenes at Mattel -- and a filing with the Securities and Exchange Commission (SEC) that may support it.
Citing M website Dealreporter, The Fly reports today that Mattel made a "curious filing" with the SEC after close of trading on Friday, which "reveals some bylaw changes, updating procedural and disclosure requirements for director nominations..." and is raising suspicions that "something may be happening behind the scenes."
Source Fool.com
Mattel Inc. Stock
€12.70
-1.600%
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 25.96% compared to the current price of 12.7 € for Mattel Inc..
