NEW YORK, Feb. 19, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating claims on behalf of investors who purchased shares of Mattel, Inc. (Nasdaq: MAT). Purchasers of Mattel securities between February 8 and 15, 2019 may be affected.
On February 7, 2019, after the close of trading, Mattel released its fourth quarter 2018 earnings. According to the Motley Fool, "[s]olid growth from the Barbie brand also impressed investors and as a result, the stock was up 22.5% as of 12:28 p.m. EST."
On February 15, 2019, during an analyst meeting at the annual Toy Fair industry event in New York, Mattel disclosed that its gross sales for 2019 will be the same as 2018, reporting a slowing demand for its Barbie doll. Following this news, shares of Mattel declined by more than 18% to close at $13.82 per share.
According to Marketwatch, "Mattel investors who managed to lock in profits at the higher prices were fortunate, including a C-level Mattel executive who sold all 10,904 shares he owned [on February 11, 2019] at $15.715. The stock closed [on February 15, 2019] at $13.82."
If you purchased Mattel securities between February 8 and 15, 2019, and would like to discuss our investigation, please contact us by emailing jcampisi@kaplanfox.com or by calling 800-290-1952.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this Notice, the action, your rights, or your interests, please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California 94104
(415) 772-4700
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
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SOURCE Kaplan Fox & Kilsheimer LLP
