MongoDB Inc’s filing revealed that its Director Cochran Hope F unloaded Company’s shares for reported $0.26 million on Sep 17 ’24. In the deal valued at $224.38 per share,1,174 shares were sold. As a result of this transaction, Cochran Hope F now holds 15,807 shares worth roughly $4.27 million.
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Then, MERRIMAN DWIGHT A sold 1,380 shares, generating $403,553 in total proceeds. Upon selling the shares at $292.43, the Director now owns 90,448 shares.
Before that, Gordon Michael Lawrence sold 5,000 shares. MongoDB Inc shares valued at $1,454,228 were divested by the COO and CFO at a price of $290.85 per share. As a result of the transaction, Gordon Michael Lawrence now holds 81,942 shares, worth roughly $22.15 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 0.30% to $270.35. Over the last five days, the stock has lost -3.27%. MongoDB Inc shares have fallen nearly -33.88% since the year began. Nevertheless, the stocks have fallen -21.21% over the past one year. While a 52-week high of $509.62 was reached on 02/12/24, a 52-week low of $212.74 was recorded on 08/05/24. SMA at 50 days reached $260.81, while 200 days put it at $332.00.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 267.11, which if violated will result in even more drops to 263.86. On the upside, there is a resistance level at 272.22. A further resistance level may holdings at 274.08. The Relative Strength Index (RSI) on the 14-day chart is 47.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.52%. Stochastics %K at 9.45% indicates the stock is a buying.
How much short interest is there in MongoDB Inc?
A steep rise in short interest was recorded in MongoDB Inc stocks on 2024-09-13, dropping by -0.6 million shares to a total of 3.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.46 million shares. There was a decline of -15.46%, which implies that there is a negative sentiment for the stock.
