price down icon0.96%   -0.17
after-market  After Hours:  17.55 

Why is Mattel, Inc. (MAT) Stock down?

We've noticed a 5.27% decline in Mattel, Inc. (MAT) stock during the 2024-04-25 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Oct, 2023:

Mattel, Inc. Stock (MAT) dropped by 7.61% from $20.11 to $18.58 in the trading on Thursday October 26, 2023. The reason why MAT stock down today is due to a disappointing outlook. Household budgets appear to be tightening as rising interest rates make it more expensive to buy things. Wall Street is concerned that Mattel benefited from a one-time bump in Barbie sales coming off a successful movie launch in the quarter that won't repeat going forward. Despite strong sales in the Barbie franchise, Mattel didn't raise its full-year revenue outlook. Instead, it held its guidance consistent with previous expectations for fiscal 2023 sales to be comparable with last year's $5.4 billion.

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