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Mattel (MAT) Surges: Stock Moves 11.3% Higher
Mattel, Inc. (MAT - Free Report) was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $14.00-$15.97 in the past one-month time frame, showed a sharp increase yesterday.
The upside was driven by rumors of a potential takeover of the company, after it reported dismal third-quarter 2017 results.
The company has seen a mixed track record when it comes to estimate revisions of one increase and four decreases over the past one month, while the Zacks Consensus Estimate has moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Mattel currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
Mattel, Inc. Price
Mattel, Inc. Price | Mattel, Inc. Quote
A better-ranked stock in the Toys - Games - Hobbies industry is Nintendo Co., Ltd. (NTDOY - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MAT going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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