This Is What Whales Are Betting On MongoDB
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on MongoDB (NASDAQ:MDB) by a large investor, as indicated by a large position in the company's publicly available options history. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $130.0 to $520.0 for MongoDB over the last 3 months. MongoDB's current price is $370.79, down by 1.01%. Several financial institutions including Morgan Stanley, Citigroup, Argus Research, Truist Securities, and Barclays have maintained their positive ratings on MongoDB.
September 13, 2023 | 7:31 pm
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A large investor has taken a bearish stance on MongoDB, with the overall sentiment of big-money traders being more bearish than bullish. MongoDB's current price is down, but several financial institutions have maintained their positive ratings on the company.
The bearish stance taken by a large investor, along with the overall bearish sentiment of big-money traders, could potentially drive MongoDB's stock price down in the short term. However, the positive ratings maintained by several financial institutions could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100