MongoDB Unusual Options Activity For August 17
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on MongoDB (NASDAQ:MDB) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $360.0 to $500.0 for MongoDB over the last 3 months. Currently, the price of MDB is down -1.21% at $354.5. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, respectively.
August 17, 2023 | 4:33 pm
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MongoDB has seen unusual options activity with a bearish sentiment. The price is currently down, but JMP Securities and Keybanc have maintained their positive ratings.
The unusual options activity, particularly the bearish sentiment, indicates that there may be a downward pressure on MongoDB's stock price in the short term. However, the positive ratings from JMP Securities and Keybanc suggest that the company's fundamentals remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100