Mattel shares jump 6% after deal with boy band BTS announced
Mattel Inc. shares jumped 6% in Monday morning trading after the toy company announced a partnership with international superstar boy band BTS. Under the partnership, which includes BTS' label Big Hit Entertainment, Mattel will create dolls, collectibles, games and more. The collection, which will be made in the likeness of the band's music video "Idol," will launch this summer. Mattel shares have fallen 32.3% over the last 12 months, outpacing the S&P 500 index's 7.6% slide for the period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.