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Mattel (MAT) Looks Good: Stock Adds 8.5% in Session

Mattel, Inc.MAT was a big mover last session, as the company saw its shares rise nearly 9% on the day. The upside came on the news that the company is preparing to launch its $75 high-tech Hello Barbie Doll in November. This reverses the recent downtrend for the company since Sep 17, as the stock is now down more than 12%.

In the last 30 days, the company has seen one downward estimate revision and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Mattel holds a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked Toys/Game/Hobby stock is Activision Blizzard, Inc. ATVI , which sports 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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MATTEL INC (MAT): Free Stock Analysis Report

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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.

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