Magna International (MGA) has risen sharply, recording gains of 10.11% in the past 4 weeks. However, the stock has corrected -0.82% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.53% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.43% and the 50-Day Moving Average is 0.71%. Magna International Inc. has dropped 7.63% during the last 3-month period . Year-to-Date the stock performance stands at -3.7%.
Magna International (NYSE:MGA): stock turned positive on Friday. Though the stock opened at $37.94, the bulls momentum made the stock top out at $38.78 level for the day. The stock recorded a low of $37.94 and closed the trading day at $38.57, in the green by 1.90%. The total traded volume for the day was 1,067,735. The stock had closed at $37.85 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.