Magnite Inc’s recently made public that its CHIEF LEGAL OFFICER Saltz Aaron unloaded Company’s shares for reported $69012.0 on Nov 07 ’24. In the deal valued at $13.50 per share,5,112 shares were sold. As a result of this transaction, Saltz Aaron now holds 307,745 shares worth roughly $4.87 million.
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Then, AARON SALTZ bought 5,112 shares, generating $69,012 in total proceeds.
Before that, Buckley Sean Patrick sold 2,623 shares. Magnite Inc shares valued at $35,410 were divested by the CHIEF REVENUE OFFICER at a price of $13.50 per share. As a result of the transaction, Buckley Sean Patrick now holds 329,119 shares, worth roughly $5.21 million.
Wells Fargo initiated its Magnite Inc [MGNI] rating to an Equal weight in a research note published on October 29, 2024; the price target was $13. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Wolfe Research began covering MGNI with “an Outperform” recommendation on July 16, 2024. BofA Securities revised its rating on May 24, 2024. It rated MGNI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MGNI
On Monday, Magnite Inc [NASDAQ:MGNI] saw its stock jump 16.24% to $15.82. Over the last five days, the stock has gained 29.67%. Magnite Inc shares have risen nearly 69.38% since the year began. Nevertheless, the stocks have risen 115.97% over the past one year. While a 52-week high of $15.92 was reached on 11/11/24, a 52-week low of $6.55 was recorded on 04/22/24. SMA at 50 days reached $12.84, while 200 days put it at $11.91.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 14.47, which if violated will result in even more drops to 13.12. On the upside, there is a resistance level at 16.60. A further resistance level may holdings at 17.38. The Relative Strength Index (RSI) on the 14-day chart is 78.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.32%. Stochastics %K at 88.39% indicates the stock is a selling.
How much short interest is there in Magnite Inc?
A steep rise in short interest was recorded in Magnite Inc stocks on 2024-10-15, growing by 0.21 million shares to a total of 8.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.63 million shares. There was a rise of 2.37%, which implies that there is a positive sentiment for the stock.
