Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Magnolia Oil & Gas Corp shares valued at $249,870 were purchased by Szabo Shandell on May 02 ’25. At $21.30 per share, Szabo Shandell acquired 11,731 shares. The insider’s holdings grew to 18,095 shares worth approximately $0.37 million following the completion of this transaction.
Also, Stavros Christopher G purchased 2,500 shares, netting a total of over 55,138 in proceeds. Following the buying of shares at $22.05 each, the insider now holds 892,372 shares.
Before that, Millican Steve had added 195,293 shares to its account. In a trade valued at $4,714,373, the Officer bought Magnolia Oil & Gas Corp shares for $24.14 each.
As published in their initiating research note from UBS on April 22, 2025, Magnolia Oil & Gas Corp [MGY] has been a Buy and the price target has been revised to $26. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of January 13, 2025, BofA Securities has decreased its “Buy” rating to a “Neutral” for MGY. Earlier on October 15, 2024, Siebert Williams Shank downgraded its rating. Their new recommendation was “a Hold” for MGY stock which previously was a “a Buy”.
Analyzing MGY Stock Performance
During the last five days, there has been a surge of approximately 0.73%. Over the course of the year, Magnolia Oil & Gas Corp shares have dropped approximately -11.55%. Shares of the company reached a 52-week high of $26.84 on 01/17/25 and a 52-week low of $19.09 on 04/09/25. A 50-day SMA is recorded $22.54, while a 200-day SMA reached $24.58.
Support And Resistance Levels for Magnolia Oil & Gas Corp (MGY)
According to the 24-hour chart, there is a support level at 20.43, which, if violated, would cause prices to drop to 20.19. In the upper region, resistance lies at 20.94. The next price resistance is at 21.21. RSI (Relative Strength Index) is 44.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 60.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
