Any shareholders here, or are we all Mattel employees gambling with our lives?
Mattel Inc. (NASDAQ: MAT) dropped about 2.8% on Tuesday to post a new 52-week low of $24.34 against a 52-week high of $40.79. Shares closed at $25.05 Monday night. Volume was about 35% below the daily average of around 5.5 million shares. The toymaker has retained its former CEO as a consultant at a higher annual salary than he was paid until he abruptly resigned in January.
Read more: The 52-Week Low Club for Tuesday - 24/7 Wall St. http://247wallst.com/investing/2015/03/17/the-52-week-low-club-for-tuesday-32/#ixzz3UgtVRP86