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The Rubicon Project (NASDAQ:RUBI) major shareholder Corp News sold 849,776 shares of the company’s stock on the open market in a transaction dated Monday, April 7th. The shares were sold at an average price of $15.00, for a total transaction of $12,746,640.00. Following the completion of the transaction, the insider now directly owns 4,746,349 shares in the company, valued at approximately $71,195,235. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

The Rubicon Project (NASDAQ:RUBI) traded up 0.91% on Wednesday, hitting $20.03. The stock had a trading volume of 133,715 shares. The Rubicon Project has a 52 week low of $17.12 and a 52 week high of $21.37. The stock’s 50-day moving average is $19.7 and its 200-day moving average is $19.7. The company’s market cap is $237.4 million.

The Rubicon Project, Inc is a global technology company that focuses to automate the buying and selling of advertising.

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