Matthew Waterman
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Matthew Waterman in Brand Power,

Mattel Up Over 9% In Early Trading; Jana Partners Discloses Position

Mattel (MAT) is exploding up today on very heavy volume. So far up over 9% at it's highest point, barely an hour into trading. Jana Partners disclosed this morning that they have taken a position in the stock. This is notable as they are known for their activist investing. Somebody has been buying up the November 20th call options, so they knew they were going to make a move ahead of time.