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 $100,000 were sold by Gephart Brian on Mar 03 ’25. At $16.00 per share, Gephart Brian sold 6,250 shares. The insider’s holdings dropped to 132,909 shares worth approximately $1.93 million following the completion of this transaction.
Also, Soroca Adam Lee sold 15,499 shares, netting a total of over 244,109 in proceeds. Following the sale of shares at $15.75 each, the insider now holds 458,386 shares.
Before that, Gephart Brian had added 6,250 shares to its account. In a trade valued at $100,000, the Officer bought Magnite Inc shares for $16.00 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 drop of approximately -14.06%. Over the course of the year, Magnite Inc shares have dropped approximately -8.98%. Shares of the company reached a 52-week high of $21.29 on 02/07/25 and a 52-week low of $13.81 on 03/04/25. A 50-day SMA is recorded $17.13, while a 200-day SMA reached $14.60.
Support And Resistance Levels for Magnite Inc (MGNI)
According to the 24-hour chart, there is a support level at 14.30, which, if violated, would cause prices to drop to 14.11. In the upper region, resistance lies at 14.69. The next price resistance is at 14.90. RSI (Relative Strength Index) is 28.98 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.67, which suggests the price will decrease in the coming days. Percent R is at 89.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
