Why Mattel Stock Was Surging This Week
Shares of Mattel (NASDAQ: MAT), the toymaker known for brands like Barbie and Hot Wheels, were flying higher this week after the company received a buyout offer. According to Reuters, Mattel was approached by a private equity firm.
The stock surged on that news on Monday, then pulled back on Tuesday as enthusiasm cooled off before jumping again on Wednesday after it reported better-than-expected second-quarter profits on Tuesday night.
According to data from S&P Global Market Intelligence, the stock was trading up 17.9% for the week.
Source Fool.com
Mattel Inc. Stock
€17.16
-0.320%
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 39.86% for Mattel Inc. compared to the current price of 17.16 €.
