Here’s one stock hitting a 52-week high and one finding a 52-week low today:
New High: Mattel
Shares of Mattel (NASDAQ:MAT) gained more than 1% this morning, bringing the stock to a new 52-week low just under $38. That’s a 37% climb from its $27 share-price back in January.
In October, the toy stock reported an EPS of $1.04, besting the consensus by 5 cents. The company also recorded quarterly sales of $2.08 billion, up 4% from last year. Investors have undoubtedly been drawn to the company’s solid 3.3% dividend as well.
Mattel is set to report Q4 earnings on Jan. 31 of the new year.
New Low: Cereplast
Cereplast (PINK:CERP) has shed almost 3% this morning as investors continue to flee in the wake of yesterday’s official move from the Nasdaq to the OTC market. Shares have now hit a 52-week low under 4 cents as a result.
It’s been an ugly year for the bio-based resins company. Cereplast has lost more than 96% of its value since January.
As of this writing, Alyssa Oursler did not own a position in any of the aforementioned securities.