Magnite Inc’s recently made public that its Director Spillane Robert F unloaded Company’s shares for reported $0.26 million on Jun 10 ’25. In the deal valued at $17.57 per share,15,000 shares were sold. As a result of this transaction, Spillane Robert F now holds 66,417 shares worth roughly $1.14 million.
Then, ROBERT SPILLANE bought 15,000 shares, generating $263,592 in total proceeds.
Before that, Saltz Aaron sold 15,328 shares. Magnite Inc shares valued at $256,131 were divested by the CHIEF LEGAL OFFICER at a price of $16.71 per share. As a result of the transaction, Saltz Aaron now holds 296,176 shares, worth roughly $5.06 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 fall -2.95% to $17.10. Over the last five days, the stock has lost -2.84%. Magnite Inc shares have risen nearly 7.41% since the year began. Nevertheless, the stocks have risen 30.53% 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.
Levels Of Support And Resistance For MGNI Stock
The 24-hour chart illustrates a support level at 16.89, which if violated will result in even more drops to 16.68. On the upside, there is a resistance level at 17.41. A further resistance level may holdings at 17.71.
How much short interest is there in Magnite Inc?
A steep rise in short interest was recorded in Magnite Inc stocks on 2025-05-30, dropping by -0.24 million shares to a total of 16.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 16.5 million shares. There was a decline of -1.51%, which implies that there is a negative sentiment for the stock.
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.
