Hasbro, Inc. (NASDAQ:HAS) has lately seen significant activity in its stock market presence. A significant sale of 13,000 shares by EVP Tarrant L. Sibley was noted, as well as a substantial purchase of over 99,000 shares by
UBS Group AG. Some firms, like Advisory Services Network LLC and Wells Fargo & Company MN, have decreased their holdings, while others like Commerce Bank, Assetmark Inc., and Nomura Asset Management Co. Ltd., have increased their stakes.
Hasbro was named a top pick in the leisure sector by Morgan Stanley, but several analysts predicted a potential slump in its performance. The company recently outperformed in the first quarter, surpassing revenue expectations. This led to a surge in its stock value, despite its volatile performance in the past. Q4 earnings, however, didn't reach the predicted level, causing the stock to tumble. Hasbro's international revenue performance was also scrutinized. Its toy sales have seen declines, making it possibly its worst month since the 1980s. However, with implementation of cost-cutting measures, new strategies, and strong brand strength, the company has seen an upward curve in stock performance.
Hasbro Stocks HAS News Analytics from Wed, 06 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 09:26:33 GMT -
Rating 3
- Innovation -3
- Information 7
- Rumor -4
