Stock Buzzer: Magnetek Inc Increases Again; Strong Momentum for Buyers

Stock Buzzer: Magnetek Inc Increases Again; Strong Momentum for Buyers

The stock of Magnetek Inc (NASDAQ:MAG) is a huge mover today! The stock last traded at $50.06 per share. It is down 2.49% since April 20, 2016 and is uptrending. It has underperformed by 2.07% the S&P500.
The move comes after 8 months positive chart setup for the $178.63M company. It was reported on Nov, 22 by Barchart.com. We have $52.56 PT which if reached, will make NASDAQ:MAG worth $8.93 million more.

According to Zacks Investment Research, “MAG is focused on district scale projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the Silver Mining Industry. MAG and its partner, Industrias Penoles, are delineating a significant new silver vein discovery on the Juanicipio Joint Venture in Zacatecas State, Mexico. MAG is based in Vancouver, British Columbia, Canada.”

More recent Magnetek Inc (NASDAQ:MAG) news were published by: Globenewswire.com which released: “Columbus McKinnon to Acquire Magnetek, Inc.” on July 27, 2015. Also Marketwatch.com published the news titled: “MAG Silver Corp.” on November 09, 2010. Bizjournals.com‘s news article titled: “Magnetek sale to New York-based manufacturer completed” with publication date: September 02, 2015 was also an interesting one.

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