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MongoDB Inc [MDB] Shares Jump Approximately 65.36% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MongoDB Inc shares valued at $730,000 were sold by MERRIMAN DWIGHT A on Apr 08 ’24. At $365.00 per share, MERRIMAN DWIGHT A sold 2,000 shares. The insider’s holdings dropped to 1,154,784 shares worth approximately $431.12 million following the completion of this transaction.

Also, Pech Cedric sold 4,726 shares, netting a total of over 1,654,100 in proceeds. Following the sale of shares at $350.00 each, the insider now holds 35,992 shares.

Before that, Pech Cedric had sold 4,726 shares from its account. In a trade valued at $1,622,719, the Chief Revenue Officer traded MongoDB Inc shares for $343.36 each. Upon closing the transaction, the insider’s holdings decreased to 4,726 shares, worth approximately $15.2 million.

As published in their initiating research note from Loop Capital on April 23, 2024, MongoDB Inc [MDB] has been a Buy and the price target has been revised to $415. Analysts at Redburn Atlantic downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid March. As of March 08, 2024, DA Davidson has increased its “Neutral” rating to a “Buy” for MDB. Earlier on January 04, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for MDB stock which previously was a “a Buy”.

Analyzing MDB Stock Performance

During the last five days, there has been a surge of approximately 1.09%. Over the course of the year, MongoDB Inc shares have dropped approximately -8.69%. Shares of the company reached a 52-week high of $509.62 on 02/12/24 and a 52-week low of $321.77 on 04/22/24. A 50-day SMA is recorded $376.44, while a 200-day SMA reached $384.54. Nevertheless, trading volume fell to 1.22 million shares from 1.15 million shares the previous day.

Support And Resistance Levels for MongoDB Inc (MDB)

According to the 24-hour chart, there is a support level at 363.50, which, if violated, would cause prices to drop to 353.68. In the upper region, resistance lies at 385.17. The next price resistance is at 397.02. RSI (Relative Strength Index) is 54.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.65, which suggests the price will increase in the coming days. Percent R is at 21.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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