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

In today's trading, Magna International Inc shares closed at $56.07 after opening the day at $58.58. It traded at a low of $55.58 to a high of $58.58.

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

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.84% at 5346.56, the Dow Jones Industrial Average closed -1.51% at 39737.26 and the Nasdaq Composite closed -2.43% at 16776.16.

Magna International Inc traded under MG on the Toronto Stock Exchange (TSX).

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 in the last five days.

Trading across the entire TSX saw 432 price advancers against 4,843 declines and 43 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% in the last 52 weeks, while in 2024, they have dipped -28.38%.

It announced a 0.47 dividend on August 01/24, with an August 16/24 ex-date and August 30/24 pay day.

Following today's trading, Magna International Inc has a market capitalization of $16.11 billion on a float of 287,328 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's consensus rating is "Moderate Buy" based on 18 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..