Mattel, Inc. (NASDAQ:MAT) shares are trading lower by $2.22, or 14 percent, at $13.13 in Friday' s session.
After the close on Thursday, the company posted a Q3 EPS miss of 50 cents on lower revenues by $26 million. The company also announced it's suspending its dividend.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Following a much lower open, Mattel immediately bottomed at $12.71 and began to rebound. That low comes in between its April 2009 low ($11.27) and its May 2009 low ($13.88). Since reaching that depressed level, it has climbed back into the $13.00 and continues to make new highs for the day.
As of 10:34 a.m. EST, the high for session stands at $13.34.