Iran Resumes Efforts to Kick Barbie Dolls Out of the Country (MAT)

Photo of Paul Ausick
By Paul Ausick Published

The government of Iran is resuming its efforts to remove Barbie dolls from the country’s store shelves. The popular dolls, made by Mattel Inc. (NYSE: MAT), have been banned in Iran for more than 10 years, but enforcement has been slack. The ban is part of an effort by the government to eliminate Western culture from the country.

Now the government of the Islamic republic is stepping up enforcement, closing shops that have been selling the dolls. MarketWatch reports that dozens of shops have been closed.

The move doesn’t appear to be having a large impact on Mattel stock, which is trading down -0.24% at $28.60 in a 52-week range of $22.70-$29.40.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

HPE Vol: 153,197,465
ENPH Vol: 8,360,053
GLW Vol: 18,152,646
APTV Vol: 6,761,325

Top Losing Stocks

TTD Vol: 21,905,513
INTU Vol: 7,383,018
CTRA Vol: 73,319,495
CBOE Vol: 5,000,011
HP
HPQ Vol: 29,259,826