Magnite Inc’s recent filing unveils that its CHIEF REVENUE OFFICER Buckley Sean Patrick unloaded Company’s shares for reported $0.3 million on Jul 16 ’24. In the deal valued at $15.50 per share,19,604 shares were sold. As a result of this transaction, Buckley Sean Patrick now holds 344,011 shares worth roughly $4.95 million.
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Then, BARRETT MICHAEL G. sold 100,000 shares, generating $1,500,000 in total proceeds. Upon selling the shares at $15.00, the CEO now owns 1,052,493 shares.
Before that, Day David sold 19,077 shares. Magnite Inc shares valued at $286,155 were divested by the CHIEF FINANCIAL OFFICER at a price of $15.00 per share. As a result of the transaction, Day David now holds 430,755 shares, worth roughly $6.2 million.
Lake Street initiated its Magnite Inc [MGNI] rating to a Buy in a research note published on July 25, 2024; the price target was $21. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. BofA Securities also remained covering MGNI and has increased its forecast on May 24, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of MGNI
On Friday, Magnite Inc [NASDAQ:MGNI] saw its stock jump 1.98% to $14.39. Over the last five days, the stock has lost -3.68%. Magnite Inc shares have risen nearly 54.07% since the year began. Nevertheless, the stocks have fallen -1.57% over the past one year. While a 52-week high of $15.92 was reached on 07/16/24, a 52-week low of $6.28 was recorded on 04/22/24. SMA at 50 days reached $13.30, while 200 days put it at $10.12. A total of 1.26 million shares were traded, compared to the trading of 1.72 million shares in the previous session.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 14.27, which if violated will result in even more drops to 14.14. On the upside, there is a resistance level at 14.52. A further resistance level may holdings at 14.64. The Relative Strength Index (RSI) on the 14-day chart is 53.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.45%. Stochastics%K at 38.55% indicates the stock is a holding.
The most recent change occurred on January 11, 2024 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $11 price target.
