Check Out What Whales Are Doing With MDB
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on MongoDB (NASDAQ:MDB), with 54% of investors opening trades with bearish expectations. The total amount for put options is $500,300 and for call options is $205,913. Whales have been targeting a price range from $300.0 to $580.0 for MongoDB over the last 3 months. The price of MDB is down -1.23% at $377.54. Morgan Stanley, Truist Securities, Piper Sandler, and Stifel have maintained their positive ratings on MongoDB, while RBC Capital has downgraded its action to Outperform.
September 07, 2023 | 8:31 pm
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NEGATIVE IMPACT
MongoDB (NASDAQ:MDB) has seen a bearish stance from a significant investor, with a higher number of put options than call options. The stock price is currently down, and while several analysts maintain positive ratings, RBC Capital has downgraded its action.
The bearish stance from a significant investor, indicated by a higher number of put options, suggests a lack of confidence in the stock's performance. This, combined with the current decrease in stock price, could negatively impact the stock in the short term. However, positive ratings from several analysts may mitigate this impact to some extent.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100