Looking At MongoDB's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity indicates a bearish sentiment towards MongoDB (NASDAQ:MDB). Analysis revealed 12 unusual trades, with 58% showing bearish tendencies. Significant investors are aiming for a price territory of $250.0 to $410.0 for MongoDB over the next three months. The company's stock is currently trading at $371.94, up by 0.51%. Three market experts have recently issued ratings for this stock, with a consensus target price of $439.0.
November 09, 2023 | 7:47 pm
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Bearish sentiment observed in MongoDB's recent unusual options activity. The stock is currently trading at $371.94, with a target price range of $250-$410 in the next three months.
The bearish sentiment observed in MongoDB's recent unusual options activity indicates that investors are expecting the stock price to decrease in the short term. This, combined with the current trading price and the target price range, suggests a potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100