Mattel exec’ stock dump after ‘Barbie’ bump raises ‘red flags’: experts

Published

2 years ago

August 15, 2023

admin

A stock selloff by Mattel executives in the wake of the blockbuster “Barbie” film has raised eyebrows and “red flags” among some Wall Street watchers.

The stock sales, while perfectly legal experts stressed, may mean Mattel’s brass believe the pink tide that lifted the company’s value has crested, according to VerityData, an investment research firm that tracks insider buying, selling and buyback activity.

When we see insiders selling aggressively into the the rise of the stock it raises red flags about the sustainability of this stocks valuation, Ben Silverman, director of research for VerityData, told The Post.

Mattel’s stock is up about 21% this year, fueled by the buzz around “Barbie,” which was released July 21 and has since grossed more than $1 billion.

Five senior Mattel executive sold 275,800 shares over the past 10 days according to government filings. The average sale price of $21.21 netted them about $4.2 million, according to VerityData.

The trades stand out, Silverman said, because Mattel insiders rarely sell their shares.

Since July 31, Mattel officers have dumped more shares than the 248,000 sold by insiders in the previous 9.5 years, Silverman said.

Three of the Mattel executives were first-time sellers, including head of human resources, Amanda Thompson, who joined the company in 2017, Jonathan Anschell, who has been the companys legal counsel since 2021 and Yoon Hugh, the companys controller since 2019, VerityData found.

The others include Steve Totzke, president and chief commercial officer, and Roberto Isaias, Mattel’s chief supply chain officer, according to the firm.

All the trades were made days after the company reported its financial results on July 26, avoiding any legal impropriety but not scrutiny.

Seeing five executives trading all at once, raises questions, said Thomas Gorman, a former SEC official and current partner in law firm Dorsey & Whitney. You dont usually see that kind of a pattern coming out of a sophisticated company like Mattel.

The selloff could suggests that the pop in Mattels stock may not be sustainable, according to VerityData.

We are telling our clients that insiders are sending a message that the stock is over-valued, Silverman said.

Even before the movie was released, Wall Street experts questioned Barbie’s halo effect on the Segundo, Calif-based toy giant.

“We worry somewhat about Mattel’s long-term management of Barbie’s positioning,” wrote DA Davidson analyst Linda Bolton Weiser in a July 17 note, recalling a period 10 years ago when moms were “anti-Barbie.”

The trades by the insiders also come after longtime Mattel chief operating officer Richard Dickson known as the Barbie whisperer quit the company to take over struggling retailer Gap.

Mattel declined to comment.

Sports

Foligno takes puck off hand, will miss 4 weeks

Published

48 mins ago

November 16, 2025

admin

Foligno takes puck off hand, will miss 4 weeks

Ryan S. ClarkNov 16, 2025, 12:28 AM ET
Close

Chicago Blackhawks captain Nick Foligno will miss four weeks after injuring his hand Saturday in his team’s 3-2 win against the Toronto Maple Leafs, coach Jeff Blashill said.

Foligno, 38, suffered the injury with 90 seconds left in the second period when he was skating near the top of the Blackhawks’ defensive zone and Jake McCabe‘s shot on net deflected off Foligno’s hand.

Foligno immediately hunched over and favored his hand while skating back to the Blackhawks’ bench. Foligno, who did not return for the third period, finished with three shots on goal and logged 10:41 in ice time.

The absence of Foligno, who has six points in 15 games, means the Blackhawks will be without their fourth-line center who was anchoring a combination featuring Sam Lafferty and Landon Slaggert. His injury is also the second to impact the Blackhawks’ forward group with winger Jason Dickinson currently on injured reserve.

After finishing last season with the second-fewest points in the NHL, the Blackhawks (9-5-4) have emerged into one of the biggest surprises through the first quarter of the regular season. With their win against the Maple Leafs, they enter Sunday third in the Central Division and a point ahead of the Vegas Golden Knights and Seattle Kraken in the Western Conference wild-card race.

Sports

Devils’ Hughes out 8 weeks after finger surgery

Published

48 mins ago

November 16, 2025

admin

Devils' Hughes out 8 weeks after finger surgery

New Jersey Devils star Jack Hughes had successful surgery on his finger Saturday, the team announced. The expected recovery time is eight weeks, though he will be reevaluated in six weeks.

According to sources, Hughes injured his hand in a “freak accident” that involved getting cut by glass at a team dinner Thursday.

Hughes’ procedure was performed by Dr. Robert Hotchkiss at the Hospital for Special Surgery in New York City.

The 24-year-old was off to a terrific start for New Jersey, which is 12-4-1 and atop the Metropolitan Division entering Friday. The American-born star has 10 goals and 20 points in his first 17 games.

The injury will create an interesting predicament for Team USA ahead of the 2026 Olympics in Milan. Hughes’ brother, Quinn, has already been named to the team while the Devils star was expected to be a front-runner for the roster. Federations must submit rosters by Dec. 31. The Devils’ projected return-to-play timeline is around the second week of January. The Olympic men’s hockey tournament begins Feb. 11.

Olympic rosters feature 25 players, which is two more spots than teams had at Four Nations.

Sports

Canucks sign ex-Leaf Kampf to one-year deal

Published

48 mins ago

November 16, 2025

admin

Canucks sign ex-Leaf Kampf to one-year deal

Ryan S. ClarkNov 15, 2025, 06:36 PM ET
Close

Center David Kampf signed a one-year contract with the Vancouver Canucks on Saturday, just a day after the Toronto Maple Leafs terminated his previous deal.

Kampf, whose deal with the Canucks will carry a $1.1 million cap hit, was entering the third year of his four-year contract with the Maple Leafs that was worth $2.4 million annually.

The Leafs waived Kampf before the season, and he began the year with their AHL affiliate. Kampf played four games in the AHL before taking a voluntary leave of absence, which wasn’t sanctioned by the Leafs, to evaluate his options.

Kampf, who scored 5 goals and 13 points in 59 games last season, gives the Canucks a two-way center who has logged more than 110 short-handed minutes in seven straight seasons.

The Canucks have faced defensive challenges under first-year coach Adam Foote, who already has had to navigate injuries to Filip Chytil, Thatcher Demko, Derek Forbort, Filip Hronek and Quinn Hughes, among others.

Entering Saturday, the Canucks were allowing 3.53 goals per game, which is the fifth most in the NHL, while their penalty kill is the worst in the league at 66.1%. The Los Angeles Kings set the NHL record for the worst penalty kill in league history with a 68.2% success rate in the 1979-80 campaign.

Kampf also provides a veteran presence at center for the Canucks, who entered the season with questions at the position. Those concerns have intensified with Teddy Blueger and Chytil on injured reserve.

Entering Saturday, the Canucks (8-9-2) had the second-fewest points in the Pacific Division but were two points behind the Chicago Blackhawks and Winnipeg Jets for Western Conference wild-card spots.