MongoDB Inc’s filing revealed that its Director MERRIMAN DWIGHT A acquired Company’s shares for reported $0.85 million on Aug 02 ’24. In the deal valued at $230.89 per share,3,672 shares were bought.
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Then, Gordon Michael Lawrence sold 5,000 shares, generating $1,261,161 in total proceeds. Upon selling the shares at $252.23, the COO and CFO now owns 81,942 shares.
Before that, MERRIMAN DWIGHT A sold 4,000 shares. MongoDB Inc shares valued at $1,061,160 were divested by the Director at a price of $265.29 per share. As a result of the transaction, MERRIMAN DWIGHT A now holds 1,142,006 shares, worth roughly $252.95 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 -4.81% to $221.50. Over the last five days, the stock has lost -11.93%. MongoDB Inc shares have fallen nearly -45.82% since the year began. Nevertheless, the stocks have fallen -45.01% 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 08/05/24. SMA at 50 days reached $251.56, while 200 days put it at $353.87. A total of 1.73 million shares were traded, compared to the trading of 1.67 million shares in the previous session.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 214.85, which if violated will result in even more drops to 208.20. On the upside, there is a resistance level at 226.04. A further resistance level may holdings at 230.58. The Relative Strength Index (RSI) on the 14-day chart is 34.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.25%. Stochastics%K at 17.12% indicates the stock is a buying.
