Hasbro Inc. ($HAS) Stock Forecast: Up 5.0% Today

What is Hasbro Inc.?

Mullen Automotive (MULN) Stock Movement

Why is Hasbro Inc. going up?

HAS stock is up 5.0% on Jun 14, 2024 17:57

• Mullen Automotive (MULN) stock showed significant bullish momentum today.
• The recent sale of 80 B4 trucks to Momentum Groups is driving positive market sentiment for Mullen Automotive.
• Investor optimism is on the rise following the strategic partnership announcement between Mullen Automotive and Momentum Groups for electric vehicle production and potential enhancements.
• The reported layoffs at Onsemi amidst a slowdown in EV demand potentially positioned Mullen Automotive as a prominent player in the EV market, with promising collaborations.

HAS Price Chart

HAS News

Midday movers: Adobe, Hasbro rise; GameStop and RH fall

https://www.investing.com/news/stock-market-news/adobe-tesla-hasbro-rise-premarket-gamestop-and-rh-fall-3484837

https://www.investing.com/news/stock-market-news/adobe-tesla-hasbro-rise-premarket-gamestop-and-rh-fall-3484837

MULN Stock: Mullen Sells 80 B4s to Momentum Groups

Mullen Automotive (NASDAQ:MULN) stock is in the news Friday after the electric vehicle (EV) company sold 80 of its B4 trucks to Momentum Groups. This sale is through Bollinger Motors but the order hasn’t been filled just yet. Instead, Momentum Groups will get the electric trucks after production starts in the second half of 2024. Momentum Groups also has options for upgrading the EVs it’s buying from Bollinger Motors. That includes upgrading them into mobile EV chargers, a box truck, a flatbed truck, a service body truck or a stake truck. Robert Bollinger, founder and CEO of Bollinger Motors, said the following about the deal. “We are excited that the Bollinger B4 will be the Class 4 platform that helps Momentum deliver a mobile-charging solution.”

https://investorplace.com/2024/06/muln-stock-mullen-sells-80-b4s-to-momentum-groups/

Stocks making the biggest moves midday: Adobe, RH, Hasbro and more

These are the stocks posting the largest moves in midday trading.

https://www.cnbc.com/2024/06/14/stocks-making-the-biggest-moves-midday-adbe-rh-has.html

Top Stock Movers Now: Cruise Lines, RH, Adobe, Hasbro, and More

U.S. equities lost ground at midday Friday, June 14, 2024, after the latest report on consumer sentiment showed a decline in June.

https://www.investopedia.com/top-stock-movers-now-cruise-lines-rh-adobe-hasbro-and-more-8663547

Onsemi Layoffs 2024: What to Know as Onsemi Cuts 1,000 Jobs

Onsemi (NASDAQ:ON) layoffs are a hot topic on Friday as the semiconductor company has announced plans to cut 1,000 jobs. A statement from Onsemi notes that these cuts will be global as it looks to reduce costs and streamline operations. This also has it closing down several sites, including its South Portland location, while asking around 300 employees to relocate. The reason for these changes is the slowing demand for electric vehicles (EVs). The company’s chips are used in EV drive trains to assist drivers. Its customers already have a strong supply of chips, lessening the need to order more from Onsemi. The company also notes that these layoffs will result in it suffering $65 million charges in 2024 and $80 million charges in 2025, reports Reuters.

https://investorplace.com/2024/06/onsemi-layoffs-2024-what-to-know-as-onsemi-cuts-1000-jobs/

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Hasbro Inc. Price History

14.05.2024 - HAS Stock was up 5.0%

• Mullen Automotive (MULN) stock showed significant bullish momentum today.
• The recent sale of 80 B4 trucks to Momentum Groups is driving positive market sentiment for Mullen Automotive.
• Investor optimism is on the rise following the strategic partnership announcement between Mullen Automotive and Momentum Groups for electric vehicle production and potential enhancements.
• The reported layoffs at Onsemi amidst a slowdown in EV demand potentially positioned Mullen Automotive as a prominent player in the EV market, with promising collaborations.

14.05.2024 - HAS Stock was up 5.4%

• The resilience and positive market performance of Hasbro stand out, even amidst an overall market decline, likely due to its strong brand recognition and loyal customer base.
• The slight uptick in Hasbro's stock price suggests that investors perceive the company as a reliable option or defensive stock in times of market downturns.
• Investor confidence in Hasbro's potential for future growth appears high, potentially boosted by successful product launches and strategic partnerships within the toy and entertainment sector.

14.05.2024 - HAS Stock was up 5.1%

• The sale of 80 B4 trucks to Momentum Groups has generated investor interest and optimism in Mullen Automotive's future prospects.
• There is potential for transforming the electric trucks into various utility vehicles, increasing the deal's versatility and value.
• Positive sentiment surrounding the Class 4 platform and mobile-charging solutions suggests a promising outlook for Mullen Automotive's growth in the EV market.
• The bullish movement in MULN stock may be linked to a successful sales strategy and innovative product offerings within the electric vehicle sector.

14.10.2023 - HAS Stock was up 5.6%

• Capital Research Global Investors increasing its stake in Hasbro to over 10% indicates confidence in the company's future prospects.
• Hasbro's Q3 earnings report leading to a sharp decline may have initially caused concern, but the subsequent bullish movement suggests that investors may see potential for a turnaround.
• The poor performance in the toy and entertainment industries, as mentioned in an article from Seeking Alpha, could have been offset by other positive factors, leading to the bullish market movement.
• The challenging macro environment and weak demand in the toy industry, as highlighted in an article from AlphaStreet, may have been overshadowed by other factors that are driving the bullish movement in Hasbro's stock.

14.01.2024 - HAS Stock was up 5.2%

• Despite facing a decline in holiday sales and a dismal outlook, Hasbro's stock remained bullish, indicating potential investor confidence.
• During their earnings call, Hasbro shared a growth strategy, suggesting a positive outlook despite industry challenges.
• The CEO acknowledged the hurdles faced by the company and expressed a long-term perspective for potential recovery.
• The growing competition for children's attention, particularly with the rise of social media and streaming games, may have impacted Hasbro's sales but did not hinder the stock's bullish movement.

13.01.2024 - HAS Stock was down 5.6%

• Q4 earnings of Hasbro fell short of expectations, with a 23% decline in sales compared to the previous year.
• The company has revised its cost-cutting goal, possibly causing worry about its financial performance.
• The discouraging outcomes and pessimistic outlook might have influenced the bearish market trend for Hasbro's stock.

13.01.2024 - HAS Stock was down 1.8%

• Hasbro's stock declined due to lower sales and a cautionary statement about weak demand.
• The company's fourth-quarter earnings and revenue fell short of projections, primarily due to the underperformance of its Consumer Products and Entertainment divisions.
• Following the disappointing Q4 results, Hasbro's stock was downgraded by CFRA, although CFRA still recognizes the company as a key player.
• The downturn in Hasbro's stock can be attributed to the unsatisfactory financial performance and the stock downgrade by CFRA.

31.09.2023 - HAS Stock was down 5.5%

• Hasbro's Q3 earnings report disappointed investors, leading to a downgrade by BofA Securities and a decline in stock price.
• The decline in consumer products sales and lowered revenue guidance contributed to the bearish market movement.
• The underperformance of Hasbro's sales, particularly in the third quarter, raised concerns about the company's ability to meet expectations during the crucial holiday season.
• Additionally, Bank of America highlighted the potential impact of the success of Magic: The Gathering, one of Hasbro's popular card games, on the company's stock performance.

02.11.2023 - HAS Stock was up 5.0%

• The announcement of Peppa Pig's 20th anniversary and biggest cinema celebration ever could have generated excitement and positive sentiment among investors, leading to an increase in the stock price.
• The article mentioning undervalued stocks and the potential for a year-end rally could have contributed to the bullish movement of Hasbro's stock as investors may have viewed it as an undervalued opportunity.
• The positive consumer shopping stats during the holiday season could have further boosted investor confidence in Hasbro's potential for strong sales and revenue growth.
• Overall, the combination of positive news surrounding Peppa Pig's anniversary, the potential for undervalued stocks, and strong consumer shopping stats likely drove the bullish market movement of Hasbro's stock.

13.01.2024 - HAS Stock was down 5.1%

• Hasbro's stock is declining due to a recent drop in revenue and a pessimistic outlook. The company's sales in the fourth quarter of FY23 fell short of analyst expectations, decreasing by 23% compared to the previous year.
• Hasbro has announced plans to significantly reduce costs by $750 million by the end of 2025, aiming to improve future profitability. This decision highlights the company's concerns about its financial performance.
• This disappointing result marks the third consecutive earnings miss for Hasbro, with the largest shortfall since Q2 2020. This consistent underperformance may be contributing to the prevailing negative sentiment surrounding the stock.
• The bearish movement of Hasbro's stock today may also be influenced by the overall market sentiment, with the GBP displaying strength and the CHF showing weakness. Additionally, lower premarket trading in US stocks might be impacting investor sentiment towards Hasbro.

14.01.2024 - HAS Stock was up 6.5%

• Despite industry challenges and a less optimistic outlook for toy makers, Hasbro shared a growth strategy during its earnings call, which could have boosted investor confidence.
• Hasbro's stock initially dropped due to declining sales and a warning of further declines in the future. However, investors may have responded positively to the CEO's acknowledgment that turnarounds take time, indicating a long-term improvement plan.
• While Hasbro's Consumer Products and Entertainment segments performed modestly, the growth in the Wizards of the Coast and Digital Gaming segment could have provided some optimism to investors.
• Although toy makers face competition from social media and streaming games, investors may have found reassurance in Hasbro's efforts to adapt to these evolving trends.
• Overall, despite initial negative developments, Hasbro's outlined growth strategy and potential in specific segments could have contributed to the bullish market movement.

27.09.2023 - HAS Stock was down 5.1%

• The bearish movement in Hasbro's stock today can be attributed to the following factors:
• 1. Disappointing Q3 earnings: Hasbro reported disappointing results for the third quarter of 2023, which contributed to the decline in its stock price. The company's earnings miss and soft outlook for the full year raised concerns among investors.
• 2. Weak toy market: Hasbro's stock has been negatively impacted by a weakening toy market, leading to lower sales and revenue. The company's poor performance in the third quarter reflects the challenges it faces in a competitive industry.
• 3. Concerns about holiday season sales: Mattel and Hasbro, two major toy manufacturers, expressed concerns about sales during the crucial holiday season in their third-quarter earnings reports. This amplified worries among investors and contributed to the bearish movement in Hasbro's stock.
• 4. Market sentiment: The overall market sentiment towards Hasbro may have also played a role in the bearish movement. Negative sentiment surrounding the company's performance and outlook can influence investor behavior and contribute to a decline in stock price.
• In summary, Hasbro's bearish movement today can be attributed to disappointing earnings, a weak toy market, concerns about holiday season sales, and overall market sentiment.