Large Outflow of Money Witnessed in Magna International

Magna International (MGA): The stock had negative money flow to the tune of ($1.03 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.46 million, whereas, the outflow of money on downticks was $1.49 million and the ratio between the two was 0.31. The block trade had a negative net money flow of ($1.2 million). On the other hand, downticks amounted to $1.2 million of the traded value, which shows distribution in the stock by traders. Magna International (MGA) closed with marginal gains of 45 cents to end the day at $41.67, an increase of 1.09% over the previous days close. The stock recorded 0.22% for the week.


Shares of Magna International Inc. rose by 2.4% in the last five trading days and 3.54% for the last 4 weeks. Magna International Inc. is up 20.53% in the last 3-month period. Year-to-Date the stock performance stands at 5.08%.

Magna International (MGA) : The consensus on Magna International (MGA) based on 10 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Magna International (NYSE:MGA): The stock opened at $41.37 and touched an intraday high of $41.85 on Wednesday. During the day, the stock corrected to an intraday low of $41.27, however, the bulls stepped in and pushed the price higher to close in the green at $41.83 with a gain of 1.48% for the day. The total traded volume for the day was 1,234,655. The stock had closed at $41.22 in the previous trading session.

Magna International Inc. (Magna) is an automotive supplier with approximately 313 manufacturing operations and over 84 product development, engineering and sales centers in approximately 28 countries. Its product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as vehicle engineering and contract manufacturing. Its customers include General Motors, Fiat-Chrysler, Ford, BMW, Daimler and Volkswagen. Its offers programs, which include Ford Transit; MINI Countryman; Ford F-Series and F-Series Super Duty; QOROS 3; Ford Mustang; BMW X6; Mercedes-Benz M-Class; BMW X4 and Porsche Panamera. The Company operates in North America, Europe and Asia.

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