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 $0.31 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.
Vertical Research initiated its Magnera Corp [MAGN] rating to a Hold in a research note published on March 19, 2025; the price target was $21. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late January with a ‘”an Overweight”‘ rating.
Price Performance Review of MAGN
On Monday, Magnera Corp [NYSE:MAGN] saw its stock fall -2.21% to $14.63. Over the last five days, the stock has lost -19.44%. Magnera Corp shares have fallen nearly -19.48% since the year began. Nevertheless, the stocks have fallen -38.84% over the past one year. While a 52-week high of $26.78 was reached on 02/12/25, a 52-week low of $14.90 was recorded on 04/07/25. SMA at 50 days reached $19.56, while 200 days put it at $20.25.
Levels Of Support And Resistance For MAGN Stock
The 24-hour chart illustrates a support level at 13.73, which if violated will result in even more drops to 12.84. On the upside, there is a resistance level at 15.50. A further resistance level may holdings at 16.37. The Relative Strength Index (RSI) on the 14-day chart is 22.43, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.49%. Stochastics %K at 8.10% indicates the stock is a buying.
How much short interest is there in Magnera Corp?
A steep rise in short interest was recorded in Magnera Corp stocks on 2025-03-14, growing by 0.19 million shares to a total of 2.41 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.22 million shares. There was a rise of 7.92%, which implies that there is a positive sentiment for the stock.
