Large Outflow of Money Witnessed in Magna International

Magna International (MGA) : Mondays money flow analysis of Magna International (MGA) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $1.21 million. In comparison, the inflow of money on upticks was a meager $0.45 million. The dollar value of composite uptick trades minus the downtick trades was negative $0.76 million. The uptick to downtick ratio of 0.37 in the money flow shows weakness. The downtick transaction value was high at $0.72 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0.72 million). Magna International (MGA) gained $0.02 at $37.5, a change of 0.06% over the previous days close.


Magna International Inc. has dropped 8.8% during the last 3-month period . Year-to-Date the stock performance stands at -4.87%. Shares of Magna International Inc. appreciated by 6.96% during the last five trading days but lost 1.78% on a 4-week basis.

Magna International (NYSE:MGA): stock turned positive on Monday. Though the stock opened at $37.27, the bulls momentum made the stock top out at $38.25 level for the day. The stock recorded a low of $37.215 and closed the trading day at $38.1, in the green by 1.65%. The total traded volume for the day was 1,159,302. The stock had closed at $37.48 in the previous days trading.

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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