Mattel Inc. Toying With Shorts After Q4 Beat

Mattel Inc.

shares are trading higher by $3.24 at $30 in Tuesday's session. The catalyst for the rally is a Q4 EPS beat of $0.06 with a $500M more in sales. After a higher open, it retrated only $0.14 to $28.36 before resuming its move higher. So far, it has reached $30.10 and is not far off that level. This marks the first time over $30 since June 2015, when it peaked at $30.31. That top coincided with the company's roll out of new Star Wars for the Disney movie "The Force Awakens.