MongoDB Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for MongoDB (NASDAQ:MDB), with 76% of investors opening trades with bearish expectations. The targeted price range for MongoDB over the last 3 months is from $270.0 to $620.0. The current price of MDB is up 0.73% at $358.21. RBC Capital, Morgan Stanley, Argus Research, Piper Sandler, and Guggenheim have all provided their ratings and price targets for MongoDB.
September 20, 2023 | 7:01 pm
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NEUTRAL IMPACT
MongoDB has seen a significant amount of bearish options activity, with a targeted price range of $270.0 to $620.0. The current price is up 0.73% at $358.21. Various analysts have provided their ratings and price targets.
The bearish options activity indicates that investors are expecting the price of MongoDB to decrease. However, the current price is up and various analysts have provided positive ratings and price targets, indicating a potential upward trend. Therefore, the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100