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MGA May 2024 52.500 put

OPR - OPR Delayed price. Currency in USD
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6.30+1.60 (+34.04%)
As of 03:25PM EDT. Market open.
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Previous close4.70
Open6.30
Bid5.60
Ask6.40
Strike52.50
Expiry date2024-05-17
Day's range6.30 - 6.30
Contract rangeN/A
Volume5
Open interest393
  • Reuters

    UPDATE 1-Magna lags profit estimates, cuts annual sales forecast on supply chain snags

    Canada's Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.

  • Reuters

    Magna lags profit estimates, cuts annual sales forecast on supply chain snags

    (Reuters) -Canada's Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.

  • GlobeNewswire

    Magna Announces First Quarter 2024 Results

    Swamy Kotagiri, Magna’s Chief Executive Officer "Our first quarter results exceeded our expectations for sales and earnings, excluding the impact of impairment charges. As a result of our continued focus on cost containment, customer recoveries and operational excellence, we are maintaining our Adjusted EBIT margin outlook range for 2024 and see continued progress on our planned margin expansion despite uncertainty of electrification volumes and product mix in the industry." - Swamy Kotagiri, Ma