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.

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Source Fool.com