Connect with us

Hi, what are you looking for?

Stock

Will Mattel Continue to Rally in 2021?

Stock Markets44 minutes ago (Apr 21, 2021 11:30AM ET)

(C) Reuters. Will Mattel Continue to Rally in 2021?

The price of shares of Mattel (NASDAQ:MAT), a children’s entertainment company, has surged significantly over the past year, underpinned by strong demand for the company’s premium toy brands and robust revenue growth. But as the company continues to invest in products that are increasingly popular with children, will the company be able to sustain its momentum? Read on.Toy manufacturer Mattel, Inc.’s (MAT) shares have rallied 128.5% over the past year, driven by a major upswing in its topline performance and its diverse product offerings.

With children continuing to spend more time at home in response to the COVID-19 pandemic, the company’s premium brands, such as Hot Wheels and Barbie, are expected to benefit from higher demand.

So far this year, the stock has gained 17.3% to close yesterday’s trading session at $20.47. As MAT continues to strategically invest in brands that are likely to retain their popularity among children, we think it is well positioned to grow its sales further in the near term. In fact, its new “Optimizing for Growth” initiative for optimizing operations, reducing cost, and driving greater productivity should enable it to drive growth and substantially increase shareholder value.

Continue reading on StockNews

Will Mattel Continue to Rally in 2021?

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Buzzclever.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved