Magnera Corp’s filing revealed that its Director RICKERTSEN CARL J acquired Company’s shares for reported $0.41 million on Feb 27 ’25. In the deal valued at $20.33 per share,20,000 shares were bought. As a result of this transaction, RICKERTSEN CARL J now holds 21,306 shares worth roughly $0.41 million.
Then, Begle Curt bought 23,786 shares, generating $501,297 in total proceeds. Upon buying the shares at $21.08, the President & CEO now owns 24,066 shares.
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 Monday, Magnera Corp [NYSE:MAGN] saw its stock fall -4.28% to $19.25. Over the last five days, the stock has lost -2.38%. Magnera Corp shares have risen nearly 5.94% since the year began. Nevertheless, the stocks have fallen -26.69% 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 $19.45, while 200 days put it at $20.55.
Levels Of Support And Resistance For MAGN Stock
The 24-hour chart illustrates a support level at 18.87, which if violated will result in even more drops to 18.49. On the upside, there is a resistance level at 19.88. A further resistance level may holdings at 20.52. The Relative Strength Index (RSI) on the 14-day chart is 41.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.32%. Stochastics %K at 20.28% indicates the stock is a holding.
