MongoDB Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for MongoDB (NASDAQ:MDB). Of the 17 unusual trades detected, 64% were bearish and 35% bullish. The total amount for puts was $1,009,197 and for calls, $527,225. Whales have been targeting a price range from $270.0 to $520.0 for MongoDB over the last 3 months. The current price of MDB is down -2.47% at $399.45. Several financial institutions have recently updated their ratings and price targets for MongoDB.
July 06, 2023 | 7:47 pm
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NEGATIVE IMPACT
MongoDB has seen a significant amount of bearish options activity. The current price of MDB is down -2.47% at $399.45. Several financial institutions have recently updated their ratings and price targets for MongoDB.
The bearish options activity indicates that investors are expecting the price of MongoDB to decrease. This, combined with the current price decrease of -2.47%, suggests a negative short-term impact on the stock. The updated ratings and price targets from financial institutions also influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100