medium
Sell
33,000 shares
$960,960
Significance
4/10
CFO Corales sold 33,000 MGY shares at $29.12; retains 184.2K shares in $961K transaction
Brian Corales, SVP & CFO, executed a $961,000 sale of 33,000 shares at $29.12, reducing holdings by 15.2% from 217,178 to 184,178 shares. The sale occurred near the 52-week high of $29.22, with stock at $29.07 currently, and comes after strong recent momentum: +27.8% over 90 days and +6.6% over 30 days. Magnolia reported a latest-quarter net income of $75.5M on revenue of $324.9M, though annual revenue contracted by 0.3% year-over-year. The transaction represents a material but not dominant reduction in the CFO's holdings, leaving substantial post-sale equity at 184.2K shares.