Magna stock cools in premarket after a 19% surge — what traders are watching next
Magna International shares fell about 2% to $67.36 in premarket trading Tuesday after a 19% surge Friday. The stock trades near a 52-week high as investors assess the company’s 2026 outlook and uncertainty over recalls and tariffs. Magna raised its dividend and plans further buybacks. U.S. markets were closed Monday for Washington’s Birthday.