Why did Magnite stock move?
Written after the close on
Magnite −0.20%
Magnite edged sideways as ad-tech peers steadied.
Over the last five trading days Magnite rose clearly, outpacing a clearly higher market while its Communication Services sector was roughly flat.
A credit amendment cutting loan margins and a broader ad-tech peer selloff partly worked the other way.
Watch the early-November earnings report next.
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