Magna International Inc. (MGA): Today's Featured Wholesale Laggard
(
) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Magna International fell $1.58 (-2.1%) to $73.02 on average volume. Throughout the day, 694,468 shares of Magna International exchanged hands as compared to its average daily volume of 728,000 shares. The stock ranged in price between $72.73-$74.70 after having opened the day at $74.66 as compared to the previous trading day's close of $74.60. Other companies within the Wholesale industry that declined today were:
(
), down 5.0%,
(
), down 4.1%,
(
), down 3.7% and
(
), down 2.9%.
Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. Magna International has a market cap of $17.5 billion and is part of the services sector. Shares are up 50.3% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Magna International a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Magna International
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Magna International Ratings Report.
On the positive front,
(
), up 13.8%,
(
), up 7.0%,
Taitron Components Inc. Class A
(
), up 3.0% and
(
), up 1.9%.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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