The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Magnera Corp shares valued at $406,532 were purchased by RICKERTSEN CARL J on Feb 27 ’25. At $20.33 per share, RICKERTSEN CARL J acquired 20,000 shares. The insider’s holdings grew to 21,306 shares worth approximately $0.35 million following the completion of this transaction.
Also, Begle Curt purchased 23,786 shares, netting a total of over 501,297 in proceeds. Following the buying of shares at $21.08 each, the insider now holds 24,066 shares.
As published in their initiating research note from Vertical Research on March 19, 2025, Magnera Corp [MAGN] has been a Hold and the price target has been revised to $21. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late January.
Analyzing MAGN Stock Performance
During the last five days, there has been a drop of approximately -12.52%. Over the course of the year, Magnera Corp shares have dropped approximately -10.79%. Shares of the company reached a 52-week high of $23.19 on 02/12/25 and a 52-week low of $13.11 on 04/09/25. A 50-day SMA is recorded $19.43, while a 200-day SMA reached $20.18.
Support And Resistance Levels for Magnera Corp (MAGN)
According to the 24-hour chart, there is a support level at 14.07, which, if violated, would cause prices to drop to 11.92. In the upper region, resistance lies at 17.40. The next price resistance is at 18.58. RSI (Relative Strength Index) is 40.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.62, which suggests the price will decrease in the coming days. Percent R is at 49.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
