Magnera Corp’s recent filing unveils that its Director Curless Michael S acquired Company’s shares for reported $0.12 million on Jun 04 ’25. In the deal valued at $12.29 per share,10,000 shares were bought. As a result of this transaction, Curless Michael S now holds 10,000 shares worth roughly $0.13 million.
Then, Marnick Samantha J. bought 4,000 shares, generating $49,511 in total proceeds. Upon buying the shares at $12.38, the Director now owns 4,000 shares.
Before that, Salmon Tom bought 17,000 shares. Magnera Corp shares valued at $203,014 were divested by the Director at a price of $11.94 per share. As a result of the transaction, Salmon Tom now holds 35,289 shares, worth roughly $0.47 million.
Wells Fargo downgraded its Magnera Corp [MAGN] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Vertical Research’s analysts, who began to cover the stock in mid March with a ‘”a Hold”‘ rating. Wells Fargo began covering MAGN with “an Overweight” recommendation on January 23, 2025.
Price Performance Review of MAGN
On Monday, Magnera Corp [NYSE:MAGN] saw its stock jump 2.80% to $13.21. Over the last five days, the stock has lost -1.49%. Magnera Corp shares have fallen nearly -27.30% since the year began. Nevertheless, the stocks have fallen -38.79% over the past one year. While a 52-week high of $26.78 was reached on 02/12/25, a 52-week low of $11.43 was recorded on 05/29/25.
Levels Of Support And Resistance For MAGN Stock
The 24-hour chart illustrates a support level at 12.99, which if violated will result in even more drops to 12.77. On the upside, there is a resistance level at 13.36. A further resistance level may holdings at 13.51.
