Magna International (MGA) Reaches New Lifetime High Today

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Trade-Ideas LLC identified Magna International ( MGA) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Magna International as such a stock due to the following factors:

  • MGA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $66.1 million.
  • MGA has traded 1,980 shares today.
  • MGA is trading at a new lifetime high.

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More details on MGA:

Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments. The stock currently has a dividend yield of 1.4%. MGA has a PE ratio of 15.4. Currently there are 7 analysts that rate Magna International a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Magna International has been 425,300 shares per day over the past 30 days. Magna International has a market cap of $23.3 billion and is part of the services sector and wholesale industry. Shares are up 28.1% year-to-date as of the close of trading on Thursday.

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