Magna International (MGA) has been under a strong bear grip, hence the stock is down -8.69% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.48% in the past 1 week. The stock has risen by 7.06% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.7% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.96% and the 50-Day Moving Average is 3.03%.
Magna International (NYSE:MGA): The stock opened at $37.77 on Friday but the bulls could not build on the opening and the stock topped out at $38.71 for the day. The stock traded down to $37.41 during the day, due to lack of any buying support eventually closed down at $37.48 with a loss of -0.56% for the day. The stock had closed at $37.69 on the previous day. The total traded volume was 1,536,040 shares.
Institutional Investors own 60.59% of Magna International shares.
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.