Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Magnite Inc shares valued at $139,872 were sold by Buonasera David on May 27 ’25. At $16.00 per share, Buonasera David sold 8,742 shares. The insider’s holdings dropped to 258,702 shares worth approximately $4.26 million following the completion of this transaction.
Also, Buonasera David sold 3,653 shares, netting a total of over 54,905 in proceeds. Following the sale of shares at $15.03 each, the insider now holds 267,444 shares.
Before that, DAVID BUONASERA had added 8,742 shares to its account. In a trade valued at $139,872, the Officer bought Magnite Inc shares for $16.00 each.
As published in a research note from Needham on May 12, 2025, Magnite Inc [MGNI] has been retained to a Buy and the price target has been revised to $18. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early December. As of December 05, 2024, Scotiabank has initiated its “Sector outperform” rating for MGNI. Earlier on October 29, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for MGNI stock.
Analyzing MGNI Stock Performance
During the last five days, there has been a surge of approximately 2.74%. Over the course of the year, Magnite Inc shares have jumped approximately 3.52%. Shares of the company reached a 52-week high of $21.29 on 02/07/25 and a 52-week low of $8.22 on 04/07/25.
Support And Resistance Levels for Magnite Inc (MGNI)
According to the 24-hour chart, there is a support level at 16.15, which, if violated, would cause prices to drop to 15.82. In the upper region, resistance lies at 16.65. The next price resistance is at 16.82. RSI (Relative Strength Index) is 67.76 on the 14-day chart, showing neutral technical sentiment.
