Magna International Inc. Declines Again; Strong Momentum for Sellers

 Magna International Inc. Declines Again; Strong Momentum for Sellers

The stock of Magna International Inc. (TSE:MG) is a huge mover today! About 496,144 shares traded hands. Magna International Inc. (TSE:MG) has risen 0.02% since March 28, 2016 and is uptrending. It has underperformed by 3.00% the S&P500.
The move comes after 9 months negative chart setup for the $20.99B company. It was reported on Nov, 1 by Barchart.com. We have $51.23 PT which if reached, will make TSE:MG worth $1.05B less.

Another recent and important Magna International Inc. (TSE:MG) news was published by Prnewswire.com which published an article titled: “Magna International Inc. – Notice of Conference Call for Third Quarter 2016 …” on October 18, 2016.

Magna International Inc. is an automotive supplier. The company has a market cap of $20.99 billion. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. It has a 8.12 P/E ratio. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.

MG.TO Company Profile

Magna International Inc. (Magna), incorporated on November 16, 1961, is an automotive supplier. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing. The Firm has over 290 manufacturing activities and over 80 product development, engineering and sales centers in approximately 30 countries.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment