Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Magnite Inc shares valued at $220,320 were sold by Day David on Dec 17 ’24. At $16.32 per share, Day David sold 13,500 shares. The insider’s holdings dropped to 387,359 shares worth approximately $6.44 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Day David sold 11,644 shares, netting a total of over 191,427 in proceeds. Following the sale of shares at $16.44 each, the insider now holds 400,859 shares.
Before that, DAVID DAY had added 13,500 shares to its account. In a trade valued at $220,315, the Officer bought Magnite Inc shares for $16.32 each.
As published in a research note from Needham on December 05, 2024, Magnite Inc [MGNI] has been retained to a Buy and the price target has been revised to $20. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early December. As of October 29, 2024, Wells Fargo has initiated its “an Equal weight” rating for MGNI. Earlier on July 25, 2024, Lake Street initiated its rating. Their recommendation was “a Buy” for MGNI stock.
Analyzing MGNI Stock Performance
During the last five days, there has been a surge of approximately 4.99%. Over the course of the year, Magnite Inc shares have jumped approximately 78.05%. Shares of the company reached a 52-week high of $18.38 on 11/25/24 and a 52-week low of $8.38 on 04/22/24. A 50-day SMA is recorded $15.12, while a 200-day SMA reached $12.91. Nevertheless, trading volume fell to 0.7 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Magnite Inc (MGNI)
According to the 24-hour chart, there is a support level at 16.37, which, if violated, would cause prices to drop to 16.10. In the upper region, resistance lies at 16.80. The next price resistance is at 16.96. RSI (Relative Strength Index) is 55.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 51.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
