Decoding MongoDB's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
MongoDB (NASDAQ:MDB) has seen a balanced mix of bullish and bearish options activity, with 20 unusual trades split evenly between calls and puts. The options suggest a price target range of $310 to $490. Notable trades include bullish and bearish sentiments with various expiration dates and strike prices. MongoDB's stock is slightly up with a current price of $394.87 and may be nearing overbought territory. Analysts have set an average price target of $469.6, with ratings ranging from Neutral to Overweight and price targets between $420 and $500.
December 13, 2023 | 6:47 pm
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NEUTRAL IMPACT
MongoDB's options activity indicates mixed sentiment, with an average analyst price target of $469.6 and current price at $394.87. The stock may be approaching overbought territory, suggesting potential short-term volatility.
The options activity is evenly split between bullish and bearish, indicating uncertainty in the market's direction for MDB. The stock's current price is close to the lower end of the options' price target range, but the RSI hinting at overbought conditions could lead to a pullback. Analyst ratings are generally positive, but the mixed sentiment in options may temper short-term expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100