Magna (MGA) NewsBite - One of Today's Top Gainers





Magna (MGA) leads the list of top gainers so far today and is now at $50.23, up $6.03 (13.64%) on volume of 3,826,095 shares traded. Over the last 52 weeks the stock has ranged from a low of $19.63 to a high of $51.96. Magna stock has been showing support around $42.71 and resistance in the $45.29 range. Technical indicators for the stock are bullish and S&P gives MGA a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on MGA the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For Magna (MGA):

Magna (MGA) Up 4.6% After Being Upgraded By Morgan Stanley

Wednesday, September 07, 2011... Magna (MGA) was upgraded today by analysts at Morgan Stanley and the stock is now at $37.12, up $1.62 (4.56%) on volume of 512,209 shares traded......

http://www.marketintelligencecenter.com/newsbites/1299615

Magna (MGA) NewsBite - MGA Drops 12.4% On Earnings Below Estimates

Friday, August 05, 2011... Magna (NYSE: MGA) opened at $40.52. So far today, the stock has hit a low of $34.45 and a high of $47.83. MGA is now trading at $38.77, down $5.47......

http://www.marketintelligencecenter.com/newsbites/1292338

Magna (MGA) NewsBite - MGA Touches 46.78 Resistance

Friday, June 17, 2011... Magna (MGA) appears to be on the move today and is now at $46.78, up $0.87 (1.9%) on volume of 2,126,459 shares traded. Over the last 52 weeks the......

http://www.marketintelligencecenter.com/newsbites/1280999

Magna (MGA) NewsBite - MGA Falls 1.3% on Downgrade

Monday, May 16, 2011... Magna (NYSE: MGA) opened at $48.73. So far today, the stock has hit a low of $47.83 and a high of $49.53. MGA is now trading at $49.35, down $0.64......

http://www.marketintelligencecenter.com/newsbites/1273541

Magna (MGA) NewsBite - MGA Downgraded By RBC Capital

Thursday, February 24, 2011... Magna (MGA) was downgraded today by analysts at RBC Capital and the stock is now at $49.21, down $6.52 (-11.7%) on volume of 6,124,435 shares traded......

http://www.marketintelligencecenter.com/newsbites/1254643


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