Magnite Inc’s recently made public that its CHIEF LEGAL OFFICER Saltz Aaron unloaded Company’s shares for reported $0.26 million on Jun 04 ’25. In the deal valued at $16.71 per share,15,328 shares were sold. As a result of this transaction, Saltz Aaron now holds 296,176 shares worth roughly $5.21 million.
Then, Evans Katie Seitz sold 35,000 shares, generating $607,600 in total proceeds. Upon selling the shares at $17.36, the President, Operations now owns 442,788 shares.
Before that, Soroca Adam Lee sold 8,328 shares. Magnite Inc shares valued at $147,406 were divested by the CHIEF PRODUCT OFFICER at a price of $17.70 per share. As a result of the transaction, Soroca Adam Lee now holds 437,117 shares, worth roughly $7.69 million.
Needham reiterated its Magnite Inc [MGNI] rating to a Buy in a research note published on May 12, 2025; the price target was $18. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Scotiabank began covering MGNI with “Sector outperform” recommendation on December 05, 2024. Wells Fargo started covering the stock on October 29, 2024. It rated MGNI as “an Equal weight”.
Price Performance Review of MGNI
On Friday, Magnite Inc [NASDAQ:MGNI] saw its stock jump 0.80% to $17.60. Over the last five days, the stock has gained 7.58%. Magnite Inc shares have risen nearly 10.55% since the year began. Nevertheless, the stocks have risen 31.64% over the past one year. While a 52-week high of $21.29 was reached on 02/07/25, a 52-week low of $8.22 was recorded on 04/07/25. SMA at 50 days reached $13.22, while 200 days put it at $14.56.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 17.35, which if violated will result in even more drops to 17.10. On the upside, there is a resistance level at 17.80. A further resistance level may holdings at 18.00. The Relative Strength Index (RSI) on the 14-day chart is 72.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.32%. Stochastics %K at 88.81% indicates the stock is a selling.
The most recent change occurred on July 25, 2024 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $21 price target.
