Why Magnite Stock Surged Higher on Tuesday

Shares of ad-tech company Magnite (NASDAQ: MGNI) jumped on Tuesday, rising as much as 11%. As of 1:50 p.m. EDT today, the stock was up 9%.

The gain follows news that Walt Disney (NYSE: DIS), a major Magnite customer, is accelerating its efforts in streaming by creating a distinct unit focused on the distribution and monetization of its streaming content.

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Source Fool.com