Mattel ( (MAT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Mattel’s stock experienced an unusual movement due to its new partnership with Netflix to produce toys based on the hit animated movie ‘KPop Demon Hunters.’ This collaboration is anticipated to open up new revenue opportunities for Mattel, capitalizing on the movie’s cultural popularity. Analysts are optimistic about Mattel’s growth potential as it taps into this lucrative market.
More about Mattel
YTD Price Performance: 3.61%
Average Trading Volume: 3,997,917
Technical Sentiment Signal: Sell
Current Market Cap: $5.92B
For further insights into MAT stock on TipRanks’ Stock Analysis page.
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