Mattel, Inc’s filing revealed 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 $1.87 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 $2.69 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 Tuesday, Mattel, Inc [NASDAQ:MAT] saw its stock fall -0.60% to $18.31. Over the last five days, the stock has lost -2.81%. Mattel, Inc shares have fallen nearly -3.02% since the year began. Nevertheless, the stocks have fallen -2.29% over the past one year. While a 52-week high of $20.59 was reached on 10/31/24, a 52-week low of $15.87 was recorded on 07/09/24. SMA at 50 days reached $19.09, while 200 days put it at $18.64.
Levels Of Support And Resistance For MAT Stock
The 24-hour chart illustrates a support level at 17.99, which if violated will result in even more drops to 17.67. On the upside, there is a resistance level at 18.60. A further resistance level may holdings at 18.89. The Relative Strength Index (RSI) on the 14-day chart is 40.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.72%. Stochastics %K at 5.67% indicates the stock is a buying.
How much short interest is there in Mattel, Inc?
A steep rise in short interest was recorded in Mattel, Inc stocks on 2024-10-31, growing by 2.53 million shares to a total of 13.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.44 million shares. There was a rise of 18.13%, which implies that there is a positive 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.
