MGN’s Lock-Up Period To End on March 25th (NASDAQ:MGN)

MGN’s (NASDAQ:MGN) lock-up period is set to end on Wednesday, March 25th. MGN had issued 1,250,000 shares in its IPO on September 26th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

MGN Stock Up 2.9%

Shares of MGN stock traded up $0.11 during trading hours on Wednesday, reaching $3.89. 922,211 shares of the company were exchanged, compared to its average volume of 502,002. MGN has a 1 year low of $1.00 and a 1 year high of $8.63.