Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) reached a new 52-week high during trading on Tuesday . The company traded as high as C$74.45 and last traded at C$73.45, with a volume of 747427 shares trading hands. The stock had previously closed at C$73.88.
The company has a market capitalization of $25,670.00, a P/E ratio of 10.22 and a beta of 1.13.
In other news, insider Marc Joseph Neeb sold 43,332 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of C$67.20, for a total transaction of C$2,911,910.40. Also, insider Vincent Joseph Galifi sold 70,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$68.02, for a total transaction of C$4,761,400.00. Over the last ninety days, insiders sold 531,122 shares of company stock valued at $36,350,412.
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About Magna International
Magna International Inc designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America. The company offers engineering and contract manufacturing services, and fuel systems; electric/electronic components and systems; roof systems comprising softtops, retractable hardtops, modular tops, and hardtops; and closures, including latching systems, hinges and wire forming, power closures, electronics, door modules, window systems engineered glass, sealing, trim and roof racks, roof systems, testing centers, and running boards.
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