Magnera Corp’s recent filing unveils that its President & CEO Begle Curt acquired Company’s shares for reported $0.5 million on Feb 11 ’25. In the deal valued at $21.08 per share,23,786 shares were bought. As a result of this transaction, Begle Curt now holds 24,066 shares worth roughly $0.49 million.
Wells Fargo initiated its Magnera Corp [MAGN] rating to an Overweight in a research note published on January 23, 2025; the price target was $22.
Price Performance Review of MAGN
On Tuesday, Magnera Corp [NYSE:MAGN] saw its stock fall -2.91% to $20.37. Over the last five days, the stock has lost -9.43%. Magnera Corp shares have risen nearly 12.11% since the year began. Nevertheless, the stocks have fallen -23.94% over the past one year. While a 52-week high of $29.77 was reached on 02/12/25, a 52-week low of $15.80 was recorded on 01/23/25. SMA at 50 days reached $19.22, while 200 days put it at $20.64.
Levels Of Support And Resistance For MAGN Stock
The 24-hour chart illustrates a support level at 19.66, which if violated will result in even more drops to 18.96. On the upside, there is a resistance level at 21.11. A further resistance level may holdings at 21.85. The Relative Strength Index (RSI) on the 14-day chart is 49.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.13%. Stochastics %K at 56.62% indicates the stock is a holding.
