India, May 7 -- Magnera Corp. (MAGN) is trading at $12.60, down $2.57 or 16.94 percent, after reporting a net loss of $41 million for the second quarter ended March 29, compared to net income of $14 million a year earlier. Net sales rose to $824 million in the quarter, up from $558 million.
The stock opened at $12.40 and has traded between $12.20 and $13.73 on the Nasdaq. It previously closed at $15.17. Volume has reached 1.15 million shares, well above the average of 491,710.
Shares have ranged between $12.20 and $26.78 over the past 52 weeks.
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