Magna International Inc. (MGA) reported third quarter net income of $0.45 after the bell Thursday, compared to the loss of $1.93 reported last year.
Magna International gapped up at the open Friday and rose steadily throughout the morning. The stock was range-bound for the remainder of the session and closed up by $5.80 at $50.00, with volume at an 11-month high. Magna International closed challenging resistance, trading at a 3-month high.
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