Why Hasbro Stock Gained 12% in August

Shares of Hasbro (NASDAQ: HAS) were moving higher last month as the company posted mixed results in its second-quarter earnings report, agreed to sell the eOne production studio, and got some bullish analyst notes at the end of the month.

According to data from S&P Global Market Intelligence, the stock finished the month up 12%.

As you can see from the chart below, the stock actually traded flat for most of the month before gaining toward the end of August on the two positive analyst notes.

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Source Fool.com