Why Shares of Hasbro Jumped 18% Early Monday
Shares of Hasbro, Inc. (NASDAQ: HAS), a global manufacturer of toys, games, and other consumer entertainment products, jumped as high as 18% Monday morning after the toymaker's CEO, Brian Goldner, had positive things to say on CNBC.
Monday morning, Goldner found himself on CNBC's Squawk Box, and reported, "Overall we are seeing great demand in our products."
Goldner continued, "In fact, our supply chains are back up and running in China." Goldner also noted the company was catching up on production, which should be fully caught up in April, and that the company was in solid financial shape with no anticipated employee layoffs. The optimistic interview was enough to send the stock higher after COVID-19 coronavirus fears have hammered the stock since February.
Source Fool.com
