Shares of Mattel (MAT) Sees Large Outflow of Money

Mattel (MAT) : Net money flow in Mattel (MAT) was negative ($0.71 million) and the inflow of money on uptick was $0.56 million, whereas, the outflow of money on downticks amounted to $1.28 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.44. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.86 million. The money flow in block trades was negative ($0.86). Mattel (MAT) gained $0.04 cent during the day and reached $33.74, a gain of 0.12% over the previous day.


Also, In a research note released to the investors, Citigroup maintains its rating on Mattel (NASDAQ:MAT).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $36 per share to $38 per share. The rating by the firm was issued on August 15, 2016.

Mattel, Inc. has dropped 0.62% in the last five trading days, however, the shares have posted positive gains of 3.78% in the last 4 weeks. Mattel, Inc. is up 6.68% in the last 3-month period. Year-to-Date the stock performance stands at 28.16%.

Mattel (NASDAQ:MAT): The stock opened at $33.60 on Tuesday but the bulls could not build on the opening and the stock topped out at $33.77 for the day. The stock traded down to $33.45 during the day, due to lack of any buying support eventually closed down at $33.57 with a loss of -0.39% for the day. The stock had closed at $33.70 on the previous day. The total traded volume was 1,634,375 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Mattel Inc /De/, White Loyd Kathy had sold 2,700 shares worth of $82,620 in a transaction dated May 20, 2016. In this transaction, 2,700 shares were sold at $30.6 per share.

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.

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