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Is it Time to Dump Mongodb Inc (MDB) Stock After it Has Risen 4.53% in a Week?

Wednesday, October 13, 2021 01:28 PM | InvestorsObserver Analysts
Is it Time to Dump Mongodb Inc (MDB) Stock After it Has Risen 4.53% in a Week?

The market has been neutral on Mongodb Inc (MDB) stock recently. MDB gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Mongodb Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on MDB!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MDB Stock Today?

Mongodb Inc (MDB) stock is trading at $487.35 as of 1:22 PM on Wednesday, Oct 13, a rise of $16.40, or 3.48% from the previous closing price of $470.94. The stock has traded between $473.94 and $490.10 so far today. Volume today is below average. So far 270,118 shares have traded compared to average volume of 1,077,998 shares. To screen for more stocks like Mongodb Inc click here.

More About Mongodb Inc

Founded in 2007, MongoDB is a document-oriented database with nearly 25,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases. Click Here to get the full Stock Report for Mongodb Inc stock.

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