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Why Magnite Stock Jumped 41% Last Month

Shares of Magnite (NASDAQ: MGNI), a supply-side programmatic advertising tech company, were flying higher last month after the company announced a breakthrough acquisition to accelerate its growth in connected TV (CTV) and delivered a solid fourth-quarter earnings report.

According to data from S&P Global Market Intelligence, the stock finished February up 41%.

Image source: Getty Images.

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