Why Magnite Stock Rocketed Higher on Thursday

The company got some great customer news. Shares of Magnite (MGNI 27.96%) charged sharply higher Thursday morning, surging as much as 31.4%. As of 11:53 a.m. ET, the stock was still up 30.5%. The catalyst that sent the adtech specialist soaring was a new big-name ad partner. Millions of new ad watchers At the ad industry upfronts -- the annual advertising sales event for television and streaming platforms -- Netflix (NFLX -0.06%) dropped several nuggets that made waves. First, the company revealed that its ...