Closing Bell: Magna International Inc down on Friday (MG)

Magna International Inc opened trading today at $58.58 and closed at $56.07. Intraday prices ranged from $55.58 to $58.58.

Shares eased -5.97 percent from the previous day's close of $59.63.

Today across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.37% at 5446.68, the Dow Jones Industrial Average closed -1.21% at 40347.97 and the Nasdaq Composite closed -2.30% at 17194.15.

Magna International Inc has listed on the Toronto Stock Exchange (TSX) under the ticker MG.

A total of 2,061,341 shares was traded during the session, with total trades of 6,669, while having an average volume of 1,564,758 over 5 days.

The TSX overall saw 741 price advancers against 4,512 declines and 69 unchanged.

During the prior 52 weeks, MG.TO has traded as high as $87.00 (August 04,2023) and low as $55.58 (August 02,2024). Moreover, the shares have shrunken -33.20 percent in the last year, while this year, they have shrunken -28.38%.

It announced a 0.47 dividend on May 03/24, with an May 16/24 ex-date and May 31/24 pay day.

Following today's trading, Magna International Inc has a market capitalization of $17.13 billion on a float of 287,280 shares outstanding. Its annual EPS is $3.53.

Magna International Inc is a TSX Auto Parts company headquartered in Aurora, CAN.

Based on 18.00 analysts, Magna International Inc gets an average recommendation of "Moderate Buy" according to Zacks. Currently, there are 9 buy ratings and 9 hold ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..