Magnite Inc’s recent filing unveils that its CHIEF REVENUE OFFICER Buckley Sean Patrick unloaded Company’s shares for reported $35410.0 on Aug 20 ’24. In the deal valued at $13.50 per share,2,623 shares were sold. As a result of this transaction, Buckley Sean Patrick now holds 329,119 shares worth roughly $4.63 million.
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Then, Buckley Sean Patrick sold 2,623 shares, generating $32,866 in total proceeds. Upon selling the shares at $12.53, the CHIEF REVENUE OFFICER now owns 331,742 shares.
Before that, Soroca Adam Lee sold 7,910 shares. Magnite Inc shares valued at $99,587 were divested by the CHIEF PRODUCT OFFICER at a price of $12.59 per share. As a result of the transaction, Soroca Adam Lee now holds 436,001 shares, worth roughly $6.14 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 4.07% to $14.08. Over the last five days, the stock has gained 7.32%. Magnite Inc shares have risen nearly 50.75% since the year began. Nevertheless, the stocks have risen 72.13% 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 $13.70, while 200 days put it at $11.14.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 13.66, which if violated will result in even more drops to 13.24. On the upside, there is a resistance level at 14.47. A further resistance level may holdings at 14.85. The Relative Strength Index (RSI) on the 14-day chart is 58.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.67%. Stochastics %K at 50.17% indicates the stock is a holding.
How much short interest is there in Magnite Inc?
A steep rise in short interest was recorded in Magnite Inc stocks on 2024-08-30, growing by 1.3 million shares to a total of 8.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.44 million shares. There was a rise of 14.89%, which implies that there is a positive sentiment for the stock.
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.
