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  5. MG: Hi what is the reasons for the pull-back? [Magna International Inc.]
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Q: Hi
what is the reasons for the pull-back?

like to add to the position
what is a good entry price?

thanks
Michael
Asked by Michael on January 03, 2024
5i Research Answer:

We don't see any news and expect it is just related to new year positioning/rebalancing. There was some weaker manufacturing activity reports out this morning which might be a factor but this is probably searching a bit too hard for a 'narrative'.

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