Mattel, Inc.MAT was a big mover last session, as the company saw its shares rise slightly more than 6% on the day. Shares moved up after an optimistic analyst note from Oppenheimer. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $19.83 to $23.83 in the past one-month time frame.
This Toys/Game/Hobby industry stock witnessed four negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's move higher lasts.
Mattel carries a Zacks Rank #4 (Sell).
However, a better-ranked stock in the same space is Activision Blizzard, Inc. ATVI , sporting a Zacks Rank #1 (Strong Buy).
Is MAT going up? Or down? Predict to see what others think: Up or Down
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
