Shares of Mattel Inc. ran up 10% in active afternoon trade Tuesday, which puts them on track for the highest close since Nov. 30. Volume ballooned to 11.5 million shares, which is nearly double the full-day average, according to FactSet. The toy maker confirmed that it did not release any news Tuesday and did not file anything with the Securities and Exchange Commission. Separately, shares of fellow toy maker Hasbro Inc. rallied 4.4%, also on volume that was almost double the full-day average. When asked about the stock-price surges, Mattel said in an emailed statement to MarketWatch: “As a matter of policy, we don’t comment on rumors or speculation.” Mattel’s stock was still down 41% over the past 12 months, while Hasbro shares have gained 13% and the S&P 500 has climbed 25%.
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