Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MongoDB Inc shares valued at $313,713 were sold by Cochran Hope F on Dec 17 ’24. At $266.99 per share, Cochran Hope F sold 1,175 shares. The insider’s holdings dropped to 17,570 shares worth approximately $4.3 million following the completion of this transaction.
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Also, Gordon Michael Lawrence sold 5,000 shares, netting a total of over 1,339,253 in proceeds. Following the sale of shares at $267.85 each, the insider now holds 80,307 shares.
Before that, HOPE COCHRAN had added 1,175 shares to its account. In a trade valued at $313,713, the Director bought MongoDB Inc shares for $266.99 each.
As published in their initiating research note from Rosenblatt on December 17, 2024, MongoDB Inc [MDB] has been a Buy and the price target has been revised to $350. Analysts at Monness Crespi & Hardt downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid December. As of December 12, 2024, Macquarie has initiated its “Neutral” rating for MDB. Earlier on June 03, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Neutral” for MDB stock which previously was a “a Sell”.
Analyzing MDB Stock Performance
During the last five days, there has been a drop of approximately -15.11%. Over the course of the year, MongoDB Inc shares have dropped approximately -40.08%. 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 $291.37, while a 200-day SMA reached $293.78. Nevertheless, trading volume fell to 2.59 million shares from 1.75 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 240.23, which, if violated, would cause prices to drop to 235.47. In the upper region, resistance lies at 252.83. The next price resistance is at 260.67. RSI (Relative Strength Index) is 32.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -45.07, which suggests the price will decrease in the coming days. Percent R is at 98.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
