Magnite Inc’s recent filing unveils that its CHIEF ACCOUNTING OFFICER Gephart Brian unloaded Company’s shares for reported $100000.0 on Mar 03 ’25. In the deal valued at $16.00 per share,6,250 shares were sold. As a result of this transaction, Gephart Brian now holds 132,909 shares worth roughly $1.74 million.
Then, Soroca Adam Lee sold 15,499 shares, generating $244,109 in total proceeds. Upon selling the shares at $15.75, the CHIEF PRODUCT OFFICER now owns 458,386 shares.
Before that, Gephart Brian bought 6,250 shares. Magnite Inc shares valued at $100,000 were divested by the Officer at a price of $16.00 per share.
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 -3.93% to $13.10. Over the last five days, the stock has lost -16.96%. Magnite Inc shares have fallen nearly -17.74% since the year began. Nevertheless, the stocks have risen 13.18% 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 03/07/25. SMA at 50 days reached $17.03, while 200 days put it at $14.62.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 12.61, which if violated will result in even more drops to 12.13. On the upside, there is a resistance level at 13.72. A further resistance level may holdings at 14.34. The Relative Strength Index (RSI) on the 14-day chart is 23.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.28%. Stochastics %K at 5.84% 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.
