Hasbro Stock Down After Analysts Criticize Handling of Magic: The Gathering

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Hasbro’s stock price has fallen nearly 10% today after analysts said the company is mismanaging its Magic: The Gathering trading card game business.

According to CNBC, Bank of America conducted a deep dive on Hasbro’s handling of Magic: The Gathering, prompting analysts to say Hasbro has been overprinting cards and destroying Magic’s long-term value.

As of this writing, Hasbro’s stock price sits at 57.52 USD, down from 63.41 USD at Friday’s closing. According to a note from Bank of America…

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