Mattel, Inc.’s recent filing unveils that its President, Chief Comm Officer TOTZKE STEVE unloaded Company’s shares for reported $0.85 million on May 13 ’24. In the deal valued at $18.90 per share,45,216 shares were sold. As a result of this transaction, TOTZKE STEVE now holds 101,902 shares worth roughly $1.96 million.
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Then, TOTZKE STEVE sold 23,662 shares, generating $446,999 in total proceeds. Upon selling the shares at $18.89, the President, Chief Comm Officer now owns 152,018 shares.
Before that, TOTZKE STEVE sold 4,900 shares. Mattel, Inc. shares valued at $92,610 were divested by the President, Chief Comm Officer at a price of $18.90 per share. As a result of the transaction, TOTZKE STEVE now holds 147,118 shares, worth roughly $2.83 million.
JP Morgan downgraded its Mattel, Inc. [MAT] rating to a Neutral from a an Overweight in a research note published on February 05, 2024; the price target was decreased to $19 from $24. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal-weight”. ROTH MKM also remained covering MAT and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup started covering the stock on October 20, 2023. It rated MAT as “a Buy”.
Price Performance Review of MAT
On Friday, Mattel, Inc. [NASDAQ:MAT] saw its stock fall -0.67% to $19.22. Over the last five days, the stock has gained 1.37%. Mattel, Inc. shares have risen nearly 1.80% since the year began. Nevertheless, the stocks have fallen -9.13% over the past one year. While a 52-week high of $22.44 was reached on 03/13/24, a 52-week low of $15.87 was recorded on 07/09/24. SMA at 50 days reached $17.63, while 200 days put it at $18.51.
Levels Of Support And Resistance For MAT Stock
The 24-hour chart illustrates a support level at 19.10, which if violated will result in even more drops to 18.98. On the upside, there is a resistance level at 19.44. A further resistance level may holdings at 19.66. The Relative Strength Index (RSI) on the 14-day chart is 58.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.26%. Stochastics%K at 70.65% indicates the stock is a holding.
How much short interest is there in Mattel, Inc.?
A steep rise in short interest was recorded in Mattel, Inc. stocks on 2024-07-31, dropping by -2.61 million shares to a total of 13.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 16.38 million shares. There was a decline of -18.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 27, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $27 price target.
