Magnite Inc’s filing revealed that its CHIEF TECHNOLOGY OFFICER Buonasera David unloaded Company’s shares for reported $7232.0 on Nov 27 ’24. In the deal valued at $16.78 per share,431 shares were sold. As a result of this transaction, Buonasera David now holds 225,764 shares worth roughly $3.88 million.
Then, BARRETT MICHAEL G. sold 27,004 shares, generating $476,081 in total proceeds. Upon selling the shares at $17.63, the CEO now owns 782,910 shares.
Before that, Saltz Aaron sold 6,110 shares. Magnite Inc shares valued at $106,925 were divested by the CHIEF LEGAL OFFICER at a price of $17.50 per share. As a result of the transaction, Saltz Aaron now holds 297,482 shares, worth roughly $5.11 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 2.38% to $17.19. Over the last five days, the stock has gained 0.35%. Magnite Inc shares have risen nearly 84.05% since the year began. Nevertheless, the stocks have risen 112.75% over the past one year. While a 52-week high of $18.38 was reached on 11/25/24, a 52-week low of $7.97 was recorded on 04/22/24. SMA at 50 days reached $13.73, while 200 days put it at $12.42.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 16.89, which if violated will result in even more drops to 16.60. On the upside, there is a resistance level at 17.37. A further resistance level may holdings at 17.56. The Relative Strength Index (RSI) on the 14-day chart is 69.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.40%. Stochastics %K at 65.20% 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 2024-11-15, dropping by -1.02 million shares to a total of 7.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.84 million shares. There was a decline of -13.03%, which implies that there is a negative sentiment for the stock.
