Mattel is trading up 4.08% at $17.33 as of 10:46 a.m. ET on October 15, with reports that Authentic Brands Group discussed a potential offer above $20 per share keeping takeover speculation in focus.
- Seaport upgraded the stock to Buy, citing renewed interest in the toy group.
- The broader market is mixed, with the Nasdaq lower, so it does not explain Mattel’s gain.
- Reporting does not establish that a new announcement today triggered the move.