Magnite Inc’s recently made public that its CHIEF FINANCIAL OFFICER Day David unloaded Company’s shares for reported $0.23 million on Jan 03 ’25. In the deal valued at $17.00 per share,13,345 shares were sold. As a result of this transaction, Day David now holds 374,014 shares worth roughly $5.81 million.
Then, DAVID DAY bought 13,345 shares, generating $226,865 in total proceeds.
Before that, Day David sold 13,500 shares. Magnite Inc shares valued at $220,320 were divested by the CHIEF FINANCIAL OFFICER at a price of $16.32 per share. As a result of the transaction, Day David now holds 387,359 shares, worth roughly $6.02 million.
Needham reiterated its Magnite Inc [MGNI] rating to a Buy in a research note published on December 05, 2024; the price target was $20. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early December with a ‘”a Sector outperform”‘ rating. Wells Fargo began covering MGNI with “an Equal weight” recommendation on October 29, 2024. Lake Street started covering the stock on July 25, 2024. It rated MGNI as “a Buy”.
Price Performance Review of MGNI
On Monday, Magnite Inc [NASDAQ:MGNI] saw its stock fall -0.51% to $15.53. Over the last five days, the stock has lost -9.34%. Magnite Inc shares have fallen nearly -2.45% since the year began. Nevertheless, the stocks have risen 65.39% over the past one year. While a 52-week high of $18.38 was reached on 01/06/25, a 52-week low of $8.38 was recorded on 01/13/25. SMA at 50 days reached $15.93, while 200 days put it at $13.18.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 15.24, which if violated will result in even more drops to 14.96. On the upside, there is a resistance level at 15.80. A further resistance level may holdings at 16.07. The Relative Strength Index (RSI) on the 14-day chart is 42.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.01%. Stochastics %K at 26.70% 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 2024-12-31, dropping by -0.24 million shares to a total of 8.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.39 million shares. There was a decline of -2.95%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $16 price target.
