Magic Software Enterprises (MGIC) has broken out sharply to the upside in the last 15 minutes of trade, on increased volume. The stock is currently higher by 0.38 at $6.59.
Magic Software Enterprises has risen past the upper end of a 2 1/2 week trading range Friday morning and has set a 9-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.