Saturday, April 22, 2017

The Biggest Loser: Mattel Tumbles 14%


Mattel (MAT) tumbled to the bottom of the S&P 500 today after the maker of Barbie reported a larger-than-expected loss.

Mattel dropped 14% to $21.79 today, while the S&P 500 declined 0.3% to 2,348.69.

MKM’s Eric Handler calls it an “ugly 1Q earnings report for Mattel.” He explains:

April 22, 2017 at 02:40AM

from Ben Levisohn