Is Selling 52-Week Stock Like JAKKS Pacific, Inc. (JAKK) a Winning Strategy?

JAKKS Pacific, Inc. (NASDAQ:JAKK) Logo

The stock of JAKKS Pacific, Inc. (NASDAQ:JAKK) hit a new 52-week low and has $0.71 target or 6.00 % below today’s $0.75 share price. The 8 months bearish chart indicates high risk for the $17.82 million company. The 1-year low was reported on May, 17 by Barchart.com. If the $0.71 price target is reached, the company will be worth $1.07 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 16.67% or $0.15 during the last trading session, reaching $0.75. About 63,635 shares traded. JAKKS Pacific, Inc. (NASDAQ:JAKK) has declined 33.48% since May 17, 2018 and is downtrending. It has underperformed by 37.85% the S&P500.

More notable recent JAKKS Pacific, Inc. (NASDAQ:JAKK) news were published by: Nasdaq.com which released: “JAKKS Pacific Drops to 52-Week Low: What’s Pulling it Down? – Nasdaq” on December 28, 2017, also Nasdaq.com with their article: “Toys & Games Industry Outlook: Toys “R” Us Liquidation Woes Stay – Nasdaq” published on October 22, 2018, Businesswire.com published: “JAKKS Pacific Announces Update on Special Committee Process – Business Wire” on March 26, 2018. More interesting news about JAKKS Pacific, Inc. (NASDAQ:JAKK) were released by: Nasdaq.com and their article: “Top-Line Momentum to Aid YETI Holdings (YETI) in Q1 Earnings – Nasdaq” published on April 30, 2019 as well as Nasdaq.com‘s news article titled: “Iridium (IRDM) to Report Q1 Earnings: What’s in the Offing? – Nasdaq” with publication date: April 17, 2019.

JAKKS Pacific, Inc. develops, produces, and markets consumer products worldwide. The company has market cap of $17.82 million. It operates through three divisions: U.S. and Canada, International, and Halloween. It currently has negative earnings. The firm offers action figures and accessories, including licensed characters; toy vehicles and accessories; electronics products, such as spy products and video games; dolls and accessories, including small dolls, large dolls, fashion dolls, and baby dolls based on licenses, as well as infant and pre-school toys; private label products; foot-to-floor ride-on toys, inflatable environments, tents, and wagons; and pet products, including toys, consumables, and accessories.

JAKKS Pacific, Inc. (NASDAQ:JAKK) Ratings Chart

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