Magna International (MGA) : The total money flow in Magna International (MGA) was negative ($0.88 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.24 million. In comparison, the inflow of money into the stock on upticks was $0.36 million. The uptick to downtick ratio was 0.29. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0.92 million. The negative money flow of ($0.92 million) confirms the selling in Magna International (MGA) on strength. Magna International (MGA) gained $1.18 at $36.8, a gain of 3.31% over the previous days close. However, the stock registered 5.11% in the week.
Institutional Investors own 60.01% of Magna International shares.
Shares of Magna International Inc. appreciated by 7.63% during the last five trading days but lost 9.54% on a 4-week basis. Magna International Inc. has dropped 9.28% during the last 3-month period . Year-to-Date the stock performance stands at -8.82%.
Magna International (NYSE:MGA): stock turned positive on Tuesday. Though the stock opened at $36.2, the bulls momentum made the stock top out at $36.9 level for the day. The stock recorded a low of $36.15 and closed the trading day at $36.52, in the green by 2.53%. The total traded volume for the day was 2,031,000. The stock had closed at $35.62 in the previous days trading.
Magna International Inc. (Magna) is an automotive supplier with approximately 313 manufacturing operations and over 84 product development, engineering and sales centers in approximately 28 countries. Its product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as vehicle engineering and contract manufacturing. Its customers include General Motors, Fiat-Chrysler, Ford, BMW, Daimler and Volkswagen. Its offers programs, which include Ford Transit; MINI Countryman; Ford F-Series and F-Series Super Duty; QOROS 3; Ford Mustang; BMW X6; Mercedes-Benz M-Class; BMW X4 and Porsche Panamera. The Company operates in North America, Europe and Asia.