Trade-Ideas: Magna International (MGA) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

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 $89.4 million.
  • MGA has traded 69,105 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 1.6%. MGA has a PE ratio of 15. Currently there are 8 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 1.3 million shares per day over the past 30 days. Magna International has a market cap of $23.0 billion and is part of the services sector and wholesale industry. Shares are up 5.7% year-to-date as of the close of trading on Thursday.

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