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Why Magnite Stock Popped Today

TheMotleyFool

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Why Magnite Stock Popped Today: https://g.foolcdn.com/editorial/images/776698/artificial-intelligence-investing-algorithms.jpg

Shares of Magnite (NASDAQ: MGNI), the supply-side adtech company, were moving higher today after it topped estimates on the top and bottom lines in its first-quarter earnings report as it appears to be benefiting from the recovery in the digital advertising market.

As of 10:35 a.m. ET, the stock was up 12.7% on the news.

Image source: Getty Images.

Source Fool.com