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MongoDB Inc (MDB) receives a Neutral rating from Guggenheim

MongoDB Inc’s recently made public that its Director MERRIMAN DWIGHT A unloaded Company’s shares for reported $0.24 million on Jun 27 ’24. In the deal valued at $245.00 per share,1,000 shares were sold. As a result of this transaction, MERRIMAN DWIGHT A now holds 1,146,003 shares worth roughly $301.98 million.

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Then, MERRIMAN DWIGHT A sold 598 shares, generating $135,333 in total proceeds. Upon selling the shares at $226.31, the Director now owns 1,146,186 shares.

Before that, McMahon John Dennis sold 10,000 shares. MongoDB Inc shares valued at $2,280,000 were divested by the Director at a price of $228.00 per share. As a result of the transaction, McMahon John Dennis now holds 20,020 shares, worth roughly $5.28 million.

Guggenheim upgraded its MongoDB Inc [MDB] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. Redburn Atlantic also remained covering MDB and has decreased its forecast on March 19, 2024 with a “Sell” recommendation from previously “Neutral” rating. DA Davidson revised its rating on March 08, 2024. It rated MDB as “a Buy” which previously was an “a Neutral”.

Price Performance Review of MDB

On Monday, MongoDB Inc [NASDAQ:MDB] saw its stock jump 5.42% to $263.51. Over the last five days, the stock has gained 12.65%. MongoDB Inc shares have fallen nearly -35.55% since the year began. Nevertheless, the stocks have fallen -34.61% over the past one year. While a 52-week high of $509.62 was reached on 02/12/24, a 52-week low of $214.74 was recorded on 06/20/24. SMA at 50 days reached $305.04, while 200 days put it at $365.61. A total of 2.35 million shares were traded, compared to the trading of 2.45 million shares in the previous session.

Levels Of Support And Resistance For MDB Stock

The 24-hour chart illustrates a support level at 253.53, which if violated will result in even more drops to 243.56. On the upside, there is a resistance level at 269.12. A further resistance level may holdings at 274.74. The Relative Strength Index (RSI) on the 14-day chart is 51.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 20.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.50%. Stochastics%K at 94.08% indicates the stock is a selling.

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