Stocks To Toy With: Mattel Inc(NASDAQ:MAT), Hasbro, Inc.(NASDAQ:HAS), and Jakks Pacific, Inc.(NASDAQ:JAKK)
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The NASDAQ Composite Index saw its value decline by 1.59% off of a $71.30 loss, moving to a figure of $4,422.09. Here’s how three NASDAQ toy companies fared during yesterday’s trading.
Mattel, Inc.(NASDAQ:MAT) lost nineteen cents during yesterday’s trading, finishing the day at a closing price of $30.46. The stock remains $17.48 below its 52 week high of $47.94. Mattel, Inc.(NASDAQ:MAT) is a toy manufacturing company best known for its Fisher-Price, Hot Wheels and Barbie brands. The stock has fallen $9.33 since finishing at a three month high closing price of $39.79 on July 3rd, 2014. Mattel has a market capitalization of $10.36 billion.
Hasbro, Inc.(NASDAQ:HAS) fell fifteen cents during yesterday’s trading as the stock moved to a new price of $54.85. Nevertheless, the stock remains only $2.06 below its 52 week high of $56.91. To contrast, Hasbro, Inc.(NASDAQ:HAS), a toy and board game company best known for its G. I. Joe and Nerf brands, is currently situated $10.41 above its 52 week low of $45.44. The Rhode Island-based company was recently boosted by the news that it will be teaming up with Disney to produce toys based on the Frozen pop culture phenomenon.
Jakks Pacific, Inc.(NASDAQ:JAKK) finished the day at a closing price of $7.00 after losing ten cents. The stock remains $0.76 above its three month closing price low of $6.24. Jakks Pacific, Inc.(NASDAQ:JAKK), a California-based toy company, has a licensing agreement with Nintendo. Through this agreement, the company will produce figurines for the popular video game company, which recently released its new Super Smash Bros. game for the Nintendo 3DS. Additionally, Nintendo figures could see a boost in popularity overall due to the new Amiibo line being produced by the Japanese company.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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