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

Magna International Inc opened trading today at $60.46 and closed at $59.63. It traded at a low of $59.03 to a high of $61.27.

Share prices dipped -2.68% from the previous day's close of $61.27.

During the day across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

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

Trading volume was 1,143,716 on 5,860 total trades, with an average volume of 1,518,441 over 5 days.

Trading across the entire TSX saw 907 price advancers against 4,327 declines and 72 unchanged.

During the prior 52 weeks, MG.TO has traded as high as $87.00 (August 04,2023) and low as $55.93 (June 26,2024). Moreover, the shares have shrunken -29.87% in the last 52 weeks, while they have plummeted -23.83% this year.

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 $17.60 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.

Currently, Magna International Inc has an average recommendation of "Moderate Buy" based on 18.00 analysts according to Zacks. From those 18 analysts, 9 have buy ratings and 9 analysts gave hold ratings.

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..