Why Shares of Mattel Rebounded Today
Shares of toy maker Mattel (NASDAQ: MAT) jumped on Thursday, regaining some of the ground lost following a dismal third-quarter report two weeks ago. The gains could be the result of an appearance on CNBC by Mario Gabelli, the head of an investment firm, who disclosed that he had bought the stock. Shares of Mattel were up about 5.4% at 2:40 p.m. EST.
Gabelli called Mattel a "work in progress," but said that he liked the stock because of the price. Shares of Mattel have been hammered since peaking at the beginning of 2014, when the company's revenue and profits began to dive. A conference-room culture had slowed decision-making, leaving Mattel unable to keep up with the competition.
Source: Fool.com
Mattel Inc. Stock
€16.37
1.490%
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 24 € there is a positive potential of 46.65% for Mattel Inc. compared to the current price of 16.37 €.
