Nasdaq plans to delist Magnitude International Ltd. on August 12, 2026, pending an appeal. Trading remains halted.
Quiver AI Summary
The Nasdaq Stock Market announced that Magnitude International Ltd. will be delisted from its exchange on August 12, 2026, unless the company appeals the decision to a Listing Qualifications Hearings Panel. Trading of Magnitude's securities has been halted since December 19, 2025, following a temporary suspension by the U.S. Securities and Exchange Commission. Nasdaq determined that delisting was appropriate under its regulations. If delisted, the company's securities may become eligible for trading in the over-the-counter market. Additional details can be found in the company’s public filings or by contacting the company directly.
Potential Positives
- Magnitude International Ltd. has the option to appeal the delisting decision, which may provide an opportunity to retain its Nasdaq listing.
- Even if delisted, there is a pathway for Magnitude International Ltd.'s securities to be eligible for trading in the over-the-counter market.
Potential Negatives
- Magnitude International Ltd. is facing delisting from the Nasdaq Stock Market, indicating significant financial or regulatory issues within the company.
- The securities of the company are currently halted and unavailable to trade, limiting liquidity and potentially impacting investor confidence.
- The company has the option to appeal the delisting decision, but the fact that it has reached this point raises concerns about its compliance with Nasdaq's listing requirements.
FAQ
Why is Magnitude International Ltd. being delisted from Nasdaq?
Magnitude International Ltd. is being delisted due to Nasdaq's determination under IM-5101-4 after a temporary trading suspension.
When will the delisting from Nasdaq take effect?
The delisting of Magnitude International Ltd. will take effect on August 12, 2026, unless the company successfully appeals.
Can Magnitude International Ltd. appeal the delisting decision?
Yes, Magnitude International Ltd. can appeal the delisting decision to a Listing Qualifications Hearings Panel.
What happens to Magnitude International Ltd. securities after delisting?
After delisting, the securities may be eligible for trading in the over-the-counter market.
Where can I find more information about Nasdaq's delisting rules?
More information about Nasdaq's delisting rules can be found in the Nasdaq Rule 5800 Series on their website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 13 times in the past 6 months. Of those trades, 2 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- AB INVESTOR has made 2 purchases buying 256,782 shares for an estimated $20,717,156 and 0 sales.
- ADENA T FRIEDMAN (Chair and CEO) sold 113,611 shares for an estimated $9,706,923
- PC NELSON GRIGGS (Pres. Capital Access Platforms) has made 0 purchases and 4 sales selling 33,890 shares for an estimated $3,194,102.
- BRADLEY J PETERSON (EVP, CIO) has made 0 purchases and 2 sales selling 20,710 shares for an estimated $1,904,152.
- COHEN TAL (Pres. Market Platforms) sold 15,518 shares for an estimated $1,408,258
- BRYAN EVERARD SMITH (EVP, CPO) sold 3,000 shares for an estimated $260,730
- MICHELLE LYNN DALY (SVP, Controller & PAO) has made 0 purchases and 2 sales selling 1,323 shares for an estimated $117,512.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$NDAQ Revenue
$NDAQ had revenues of $2.5B in Q2 2026. This is an increase of 21.15% from the same period in the prior year.
You can track NDAQ financials on Quiver Quantitative's NDAQ stock page.
You can access data on NDAQ stock through the Quiver Quantitative API.
$NDAQ Congressional Stock Trading
Members of Congress have traded $NDAQ stock 9 times in the past 6 months. Of those trades, 8 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 8 times. They made 8 purchases worth up to $120,000 on 04/24, 03/31, 03/18, 03/10, 03/09, 03/04, 03/03, 02/27 and 0 sales.
- SENATOR ALAN ARMSTRONG sold up to $100,000 on 03/27.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$NDAQ Hedge Fund Activity
We have seen 488 institutional investors add shares of $NDAQ stock to their portfolio, and 528 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 5,800,900 shares (-20.0%) from their portfolio in Q2 2026, for an estimated $457,226,937
- UBS GROUP AG added 3,138,962 shares (+81.5%) to their portfolio in Q1 2026, for an estimated $266,466,484
- FARALLON CAPITAL MANAGEMENT LLC removed 2,989,213 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $253,754,291
- WINSLOW CAPITAL MANAGEMENT, LLC removed 2,568,537 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $218,043,105
- SELECT EQUITY GROUP, L.P. added 1,810,369 shares (+48.2%) to their portfolio in Q1 2026, for an estimated $153,682,224
- FRANKLIN RESOURCES INC removed 1,415,531 shares (-13.4%) from their portfolio in Q1 2026, for an estimated $120,164,426
- WELLINGTON MANAGEMENT GROUP LLP removed 1,380,846 shares (-3.7%) from their portfolio in Q1 2026, for an estimated $117,220,016
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$NDAQ Price Targets
Multiple analysts have issued price targets for $NDAQ recently. We have seen 4 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $103.0.
Here are some recent targets:
- Benjamin Budish from Barclays set a target price of $108.0 on 07/09/2026
- Patrick O'Shaughnessy from Raymond James set a target price of $113.0 on 07/09/2026
- Bill Katz from TD Cowen set a target price of $98.0 on 06/22/2026
- Chris Allen from Keefe, Bruyette & Woods set a target price of $97.0 on 04/24/2026
Full Release
NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified Magnitude International Ltd. (Nasdaq: MAGH) that its securities will be delisted from the Nasdaq Stock Market LLC on August 12, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission ( https://www.sec.gov/files/litigation/suspensions/2025/34-104317-ts.pdf ) Nasdaq halted trading in the Company’s ordinary shares on December 19, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com . Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series .
