EL SEGUNDO (dpa-AFX) - After falling sharply early in the session, shares of Mattel (MAT) have regained some ground but remain firmly negative in late-day trading on Friday. Mattel is currently down by 3.6 percent after hitting its lowest intraday level in nine years.
The initial sell-off by Mattel came after the toy maker announced CEO Margaret Georgiadis is stepping down and will be replaced by Ynon Kreiz.
Copyright RTT News/dpa-AFX