Magnite Inc’s filing revealed that its President, Revenue Buckley Sean Patrick unloaded Company’s shares for reported $0.2 million on Feb 19 ’25. In the deal valued at $19.13 per share,10,527 shares were sold. As a result of this transaction, Buckley Sean Patrick now holds 370,558 shares worth roughly $5.84 million.
Then, SEAN P BUCKLEY bought 10,527 shares, generating $201,389 in total proceeds.
Before that, Caine Paul sold 5,000 shares. Magnite Inc shares valued at $101,750 were divested by the Director at a price of $20.35 per share. As a result of the transaction, Caine Paul now holds 182,837 shares, worth roughly $2.88 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 Friday, Magnite Inc [NASDAQ:MGNI] saw its stock fall -4.71% to $15.77. Over the last five days, the stock has lost -10.80%. Magnite Inc shares have fallen nearly -0.94% since the year began. Nevertheless, the stocks have risen 36.89% over the past one year. While a 52-week high of $21.29 was reached on 02/07/25, a 52-week low of $8.38 was recorded on 01/16/25. SMA at 50 days reached $17.23, while 200 days put it at $14.53.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 15.25, which if violated will result in even more drops to 14.73. On the upside, there is a resistance level at 16.33. A further resistance level may holdings at 16.89. The Relative Strength Index (RSI) on the 14-day chart is 34.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.56%. Stochastics %K at 3.22% indicates the stock is a buying.
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.
