Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mattel, Inc shares valued at $854,582 were sold by TOTZKE STEVE on May 13 ’24. At $18.90 per share, TOTZKE STEVE sold 45,216 shares. The insider’s holdings dropped to 101,902 shares worth approximately $1.97 million following the completion of this transaction.
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Also, TOTZKE STEVE sold 23,662 shares, netting a total of over 446,999 in proceeds. Following the sale of shares at $18.89 each, the insider now holds 152,018 shares.
Before that, TOTZKE STEVE had sold 4,900 shares from its account. In a trade valued at $92,610, the President, Chief Comm Officer traded Mattel, Inc shares for $18.90 each. Upon closing the transaction, the insider’s holdings decreased to 4,900 shares, worth approximately $2.85 million.
As published in a research note from JP Morgan on February 05, 2024, Mattel, Inc [MAT] has been rated down from an Overweight to a Neutral and the price target has been revised to $19 from $24. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid January. As of January 04, 2024, ROTH MKM has decreased its “Buy” rating to a “Neutral” for MAT. Earlier on October 20, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for MAT stock.
Analyzing MAT Stock Performance
During the last five days, there has been a drop of approximately -4.91%. Over the course of the year, Mattel, Inc shares have jumped approximately 2.65%. Shares of the company reached a 52-week high of $20.59 on 10/31/24 and a 52-week low of $15.87 on 07/09/24. A 50-day SMA is recorded $19.08, while a 200-day SMA reached $18.62. Nevertheless, trading volume fell to 3.25 million shares from 4.94 million shares the previous day.
Support And Resistance Levels for Mattel, Inc (MAT)
According to the 24-hour chart, there is a support level at 19.05, which, if violated, would cause prices to drop to 18.73. In the upper region, resistance lies at 19.60. The next price resistance is at 19.83. RSI (Relative Strength Index) is 50.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 41.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
