This Is What Whales Are Betting On MongoDB
Portfolio Pulse from Benzinga Insights
A large bearish position on MongoDB (NASDAQ:MDB) has been spotted, with 37 uncommon options trades identified. The sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range of $330 to $530 for MongoDB over the last 3 months.
June 20, 2023 | 6:01 pm
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A large bearish position has been spotted on MongoDB (NASDAQ:MDB), with 56% of big-money traders being bearish. Whales have targeted a price range of $330 to $530 for MongoDB over the last 3 months.
The large bearish position spotted on MongoDB indicates that big-money traders are expecting the stock price to go down in the short term. With 56% of these traders being bearish, it is likely that the stock price will be negatively impacted. Additionally, the targeted price range of $330 to $530 over the last 3 months suggests that there is significant uncertainty in the market, which could lead to increased volatility and downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100