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. Magnite Inc shares valued at $256,127 were purchased by AARON SALTZ on Jun 04 ’25. At $16.71 per share, AARON SALTZ acquired 15,330 shares.
Also, Buonasera David sold 8,742 shares, netting a total of over 139,872 in proceeds. Following the sale of shares at $16.00 each, the insider now holds 258,702 shares.
Before that, Buonasera David had sold 3,653 shares from its account. In a trade valued at $54,905, the CHIEF TECHNOLOGY OFFICER traded Magnite Inc shares for $15.03 each. Upon closing the transaction, the insider’s holdings decreased to 3,653 shares, worth approximately $4.46 million.
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 1.21%. Over the course of the year, Magnite Inc shares have jumped approximately 4.77%. 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 16.57, which, if violated, would cause prices to drop to 16.46. In the upper region, resistance lies at 16.80. The next price resistance is at 16.92. RSI (Relative Strength Index) is 67.20 on the 14-day chart, showing neutral technical sentiment.
