Magnite (NASDAQ: MGNI) took investors on a wild ride after it was created by the merger of Rubicon Project and Telaria last April. After becoming the world's largest independent sell-side ad tech company, Magnite's stock skyrocketed from about $5 to the low $60s this February.
However, the stock plunged to the mid-$20s in May before rebounding to the low $30s. That volatility indicates Magnite is still a fierce battleground stock. Let's see if the bulls or bears are winning.
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For further details see:
Bulls vs. Bears: Who's Right About Magnite's Stock?