Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MongoDB Inc shares valued at $1,451,571 were sold by Gordon Michael Lawrence on Oct 14 ’24. At $290.31 per share, Gordon Michael Lawrence sold 5,000 shares. The insider’s holdings dropped to 80,307 shares worth approximately $21.83 million following the completion of this transaction.
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Also, MERRIMAN DWIGHT A sold 1,385 shares, netting a total of over 398,631 in proceeds. Following the sale of shares at $287.82 each, the insider now holds 89,063 shares.
Before that, MERRIMAN DWIGHT A had sold 1,000 shares from its account. In a trade valued at $272,970, the Director traded MongoDB Inc shares for $272.97 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $307.21 million.
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 -7.11%. Over the course of the year, MongoDB Inc shares have dropped approximately -33.50%. 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 $268.41, while a 200-day SMA reached $322.99. Nevertheless, trading volume fell to 4.69 million shares from 0.68 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 267.00, which, if violated, would cause prices to drop to 262.13. In the upper region, resistance lies at 275.87. The next price resistance is at 279.87. RSI (Relative Strength Index) is 48.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.54, which suggests the price will increase in the coming days. Percent R is at 54.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
