Mattel's CEO Resigns, Shares Fall; Stocks End Flat

Stocks end the day barely up, basically flat, as the east coast prepares for Snowmageddon. Despite forecasts predicting upwards of three feet of snow, the New York Stock Exchange is currently planning on being open on Tuesday. A couple stocks have the potential to benefit from the impending snow storm. Generac (GNRC), a company that sells generators was up 5% today and Douglas Dynamics (PLOW), a maker of snow plows was up 4%. Mattel's (MAT) CEO announced today that he would be resigning after the toymaker's holiday sales failed to meet expectations.

Shares of Mattel fell around 2.5% on Monday after the announcement.

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Published on Jan 26, 2015
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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