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Published on 24 May 2024 on Motley Fool via Yahoo Finance

Here's Why Magnite Stock Is Jumping Today

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Shares of supply-side digital advertising platform Magnite (NASDAQ: MGNI) jumped higher on Friday after a prominent analyst recommended buying the stock. Investors might be surprised that commentary such as this could cause such a big move -- Magnite stock was up 11% as of 10:50 a.m. ET today. But the analyst noted some big news in recent days that many investors might have overlooked.

Magnite is securing big deals

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NASDAQ.PARA price evolution
NASDAQ.PARAA price evolution

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