Looking At MongoDB's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a mix of bullish and bearish stances. The trades suggest a targeted price range of $260 to $400 for MongoDB over the next three months. The current price of MDB is $353, up 0.66%. Tigress Financial, B of A Securities, and Scotiabank have all downgraded their actions on MongoDB, with price targets of $495, $450, and $335 respectively.
October 16, 2023 | 5:00 pm
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MongoDB has seen unusual options activity, with a mix of bullish and bearish stances. The current price of MDB is $353, up 0.66%. Several financial institutions have downgraded their actions on MongoDB.
The unusual options activity suggests that there is significant interest in MongoDB's stock, which could lead to increased volatility. The mixed bullish and bearish stances indicate uncertainty about the company's future performance. The downgrades from Tigress Financial, B of A Securities, and Scotiabank could negatively impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100