In a filing, Magnite Inc revealed its Officer DAVID BUONASERA acquired Company’s shares for reported $4368.0 on Nov 18 ’24. In the deal valued at $15.77 per share,277 shares were bought.
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Then, SEAN P BUCKLEY bought 10,001 shares, generating $156,047 in total proceeds.
Before that, ADAM SOROCA bought 7,849 shares. Magnite Inc shares valued at $122,422 were divested by the Officer at a price of $15.60 per share.
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 fall -1.32% to $15.64. Over the last five days, the stock has lost -1.14%. Magnite Inc shares have risen nearly 67.45% since the year began. Nevertheless, the stocks have risen 104.71% over the past one year. While a 52-week high of $17.00 was reached on 11/13/24, a 52-week low of $7.61 was recorded on 04/22/24. SMA at 50 days reached $13.14, while 200 days put it at $12.09.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 15.42, which if violated will result in even more drops to 15.21. On the upside, there is a resistance level at 15.85. A further resistance level may holdings at 16.07. The Relative Strength Index (RSI) on the 14-day chart is 66.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.64%. Stochastics %K at 80.69% 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 2024-10-31, dropping by -0.32 million shares to a total of 8.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.95 million shares. There was a decline of -3.69%, which implies that there is a negative sentiment for the stock.
