RTTNews | Jan 19, 2022 01:03PM EST

13:02 Wednesday, January 19, 2022 (RTTNews.com) - Canadian auto parts manufacturer, Magna International Inc. (MGA), drops 3% despite the company not reporting any stock-specific news to affect the stock.

The company manufactures and sells all sorts of components for vehicles and trucks on a worldwide scale. The brand operates through four subsets as Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.

The stock is currently trading at $85.95, down $2.71 or 3.06% since the previous close at $88.66. The stock opened at $89.39 in the morning. In the 52-wekperiod, the stock has ranged between $69.28 and $104.28.

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