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