Mattel, Inc. shares fall 1.45% intraday after announcing Jon M. Chu to direct 'Hot Wheels' feature film.

Mattel, Inc. declined 1.45% in intraday trading. The company announced that acclaimed director Jon M. Chu will direct the live-action Hot Wheels feature film based on Mattel’s legendary and timeless toy car. This news is generally positive for the company, but the stock price movement may be influenced by other factors not mentioned in the news events.