Mattel (MAT) has risen sharply, recording gains of 0.34% in the past 4 weeks. However, the stock has corrected -3.49% in the past 1 week, providing a good buying opportunity on dips. Mattel (MAT) : During the past 4 weeks, traders have been relatively bearish on Mattel (MAT), hence the stock is down -0.05% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.46% relative to the S&P 500.
Mattel, Inc. is up 7.59% in the last 3-month period. Year-to-Date the stock performance stands at 24.06%. The stock has recorded a 20-day Moving Average of 1.44% and the 50-Day Moving Average is 1.23%.
Mattel (NASDAQ:MAT): The stock opened at $32.91 on Friday but the bulls could not build on the opening and the stock topped out at $33.13 for the day. The stock traded down to $32.73 during the day, due to lack of any buying support eventually closed down at $32.87 with a loss of -1.53% for the day. The stock had closed at $33.38 on the previous day. The total traded volume was 2,148,166 shares.
Also, Brokerage firm Citigroup maintains its rating on Mattel (NASDAQ:MAT). As per the latest information, the brokerage house raises the price target to $38 per share from a prior target of $36. The shares have been rated Buy. The rating by the firm was issued on August 15, 2016.
MATTEL, INC. designs, manufactures, and markets a variety of toy products around the world, which are sold to its customers and directly to consumers. The Company operates through three segments: North America, which consists of the United States and Canada, International, and American Girl. The Companys North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories. The Companys International segment products are developed and marketed by the North America segment, although some are developed or adapted for particular international markets. The Companys American Girl segment is a direct marketer, childrens publisher, and retailer for its line of historical dolls, books, and accessories, as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.