MongoDB Inc’s filing revealed that its COO and CFO Gordon Michael Lawrence unloaded Company’s shares for reported $1.26 million on Jul 09 ’24. In the deal valued at $252.23 per share,5,000 shares were sold. As a result of this transaction, Gordon Michael Lawrence now holds 81,942 shares worth roughly $20.61 million.
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Then, MERRIMAN DWIGHT A sold 4,000 shares, generating $1,061,160 in total proceeds. Upon selling the shares at $265.29, the Director now owns 1,142,006 shares.
Before that, Ittycheria Dev sold 3,025 shares. MongoDB Inc shares valued at $802,502 were divested by the President & CEO at a price of $265.29 per share. As a result of the transaction, Ittycheria Dev now holds 223,048 shares, worth roughly $56.1 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 fall -0.79% to $251.51. Over the last five days, the stock has lost -0.40%. MongoDB Inc shares have fallen nearly -38.48% since the year began. Nevertheless, the stocks have fallen -37.68% 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 $264.44, while 200 days put it at $356.99. A total of 0.78 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 249.19, which if violated will result in even more drops to 246.87. On the upside, there is a resistance level at 254.74. A further resistance level may holdings at 257.97. The Relative Strength Index (RSI) on the 14-day chart is 47.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 54.34%. Stochastics%K at 52.91% indicates the stock is a holding.
