Magnit Stocks List

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    Recent Signals

    Date Stock Signal Type
    2021-05-14 MGNT Bollinger Band Squeeze Range Contraction
    2021-05-14 XDJP Lower Bollinger Band Walk Weakness
    2021-05-14 XDJP Slingshot Bearish Bearish Swing Setup
    2021-05-14 XDJP Calm After Storm Range Contraction

    Recent News for Magnit Stocks

    Date Stock Title
    Related Industries: Other

    Magnit (Магнит, "Magnet"), was briefly Russia's largest food retailer. It was founded in 1994 in Krasnodar by Sergey Galitsky. As of March 2016, the company had 12,434 stores in 2,385 locations. They include 9,715 convenience stores, 225 hypermarkets, 2,337 Magnit Cosmetics stores and 157 Magnit family stores. The company employs more than 140,000 people and has been opening several dozen stores each month.
    Since 2006, the company has developed a chain of "Magnit" hypermarkets in many Russian cities and towns. It overtook its rival X5 Retail as Russia's largest retailer in terms of sales in April 2013, although it is still under-represented in Moscow. As of July 2014, it is the world's fourth largest retailer by market capitalization. However, the largest retailer in Russia in 2017 is the X5 Retail Group.In early 2018 major changes in ownership and leadership occurred in Magnit. In February the founder sold the vast majority of his stake in the company to a leading Russian state-owned bank called VTB Bank.

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