In a filing, MongoDB Inc revealed its Officer CEDRIC PECH acquired Company’s shares for reported $2.38 million on Nov 25 ’24. In the deal valued at $350.00 per share,6,805 shares were bought.
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Then, MERRIMAN DWIGHT A bought 2,000 shares, generating $698,064 in total proceeds.
Before that, MERRIMAN DWIGHT A sold 1,319 shares. MongoDB Inc shares valued at $377,135 were divested by the Director at a price of $285.92 per share. As a result of the transaction, MERRIMAN DWIGHT A now holds 87,744 shares, worth roughly $29.95 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 jump 2.66% to $341.36. Over the last five days, the stock has gained 20.02%. MongoDB Inc shares have fallen nearly -16.51% since the year began. Nevertheless, the stocks have fallen -16.27% 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 $279.99, while 200 days put it at $306.12.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 336.82, which if violated will result in even more drops to 332.29. On the upside, there is a resistance level at 349.72. A further resistance level may holdings at 358.09. The Relative Strength Index (RSI) on the 14-day chart is 72.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 32.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.12%. Stochastics %K at 84.83% indicates the stock is a selling.
How much short interest is there in MongoDB Inc?
A steep rise in short interest was recorded in MongoDB Inc stocks on 2024-10-31, growing by 0.91 million shares to a total of 4.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.38 million shares. There was a rise of 21.18%, which implies that there is a positive sentiment for the stock.
