Magna International, Inc. (MGA) gapped open higher on Friday and began a steady advance in the mid-morning that has continued into the early afternoon. The stock is trading at $50.77, up $6.57 on the day.
With the advance, the stock has added to recent gains and is at its highest level since early August. The company reported earnings after the close on Thursday.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.