Why Mattel Shares Fell 19.4% in February
Shares of Mattel (NASDAQ: MAT) fell 19.4% in February, according to data from S&P Global Market Intelligence, on concerns that factory disruptions resulting from the coronavirus may weigh on earnings in the coming quarters.
The coronavirus has sickened more than 80,000 people in China, has temporarily shut down factories, and has resulted in quarantines that prevent workers from leaving their homes and towns. Companies worldwide have felt the impact, and toymakers are particularly concerned.
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Source Fool.com
