Why Mattel Stock Inched Higher on Monday
Shares of toy magnate Mattel (NASDAQ: MAT) inched 1.9% higher through noon ET on Monday, and the reason appears to be a rumor... grounded in fact.
It's a rumor that concerns potential mergers and acquisitions (M&A) activity going on behind the scenes at Mattel -- and a filing with the Securities and Exchange Commission (SEC) that may support it.
Citing M website Dealreporter, The Fly reports today that Mattel made a "curious filing" with the SEC after close of trading on Friday, which "reveals some bylaw changes, updating procedural and disclosure requirements for director nominations..." and is raising suspicions that "something may be happening behind the scenes."
Source Fool.com
Mattel Inc. Stock
€17.01
1.360%
With 9 Buy predictions and not the single Sell prediction the community is currently very high on Mattel Inc..
With a target price of 24 € there is a positive potential of 41.09% for Mattel Inc. compared to the current price of 17.01 €.
