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 $251,080 were purchased by CEDRIC PECH on Oct 03 ’24. At $252.85 per share, CEDRIC PECH acquired 993 shares.
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Also, CEDRIC PECH purchased 302 shares, netting a total of over 77,388 in proceeds.
Before that, Michael Lawrence Gordon had added 1,884 shares to its account. In a trade valued at $482,774, the Officer bought MongoDB Inc shares for $256.25 each.
As published in a research note from Guggenheim on June 03, 2024, MongoDB Inc [MDB] has been rated up from a Sell to a Neutral. Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of March 19, 2024, Redburn Atlantic has decreased its “Neutral” rating to a “Sell” for MDB. Earlier on March 08, 2024, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for MDB stock which previously was a “a Neutral”.
Analyzing MDB Stock Performance
During the last five days, there has been a drop of approximately -7.21%. Over the course of the year, MongoDB Inc shares have dropped approximately -38.12%. Shares of the company reached a 52-week high of $509.62 on 02/12/24 and a 52-week low of $212.74 on 08/05/24. A 50-day SMA is recorded $261.04, while a 200-day SMA reached $329.57. Nevertheless, trading volume fell to 0.84 million shares from 1.22 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 250.43, which, if violated, would cause prices to drop to 247.86. In the upper region, resistance lies at 255.40. The next price resistance is at 257.80. RSI (Relative Strength Index) is 36.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -18.89, which suggests the price will decrease in the coming days. Percent R is at 93.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
