|Bid||91.07 x 1200|
|Ask||91.16 x 1400|
|Day's Range||89.68 - 91.29|
|52 Week Range||86.05 - 105.73|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||27.78|
|Forward Dividend & Yield||2.72 (2.62%)|
|Ex-Dividend Date||Jan 31, 2022|
|1y Target Est||N/A|
(Bloomberg) -- Mattel Inc. shares jumped Wednesday after the company won back the license to produce toys based on Walt Disney Co.’s princesses and the “Frozen” movies.Most Read from BloombergPowell Backs March Liftoff, Won’t Rule Out Hike Every MeetingA Nor’easter Approaching New York Risks Becoming a Bomb CycloneStocks Halt Rally as Bond Yields Spike After Fed: Markets WrapScientists Identify Factors That Appear Linked to Long CovidAstronomers Spot Never-Before Seen Object at 4,000 Light-Years
The Pawtucket-based Hasbro Inc. (Nasdaq:HAS) just lost Disney princess and “Frozen” licensing rights to rival Mattel Inc. Mattel (NASDAQ:MAT) on Wednesday announced a multi-year licensing agreement with Walt Disney Co. (NYSE:DIS) to produce toys based upon its full line of princesses and the “Frozen” movie. Mattel CEO Ynon Kreiz told The Financial Times that winning back the rights had been a key priority of his since he took the helm in 2018.
U.S. stocks are moving higher, led by tech, after another volatile trading day ahead of a Fed announcement about the future of monetary policy.