MongoDB's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards MongoDB (NASDAQ:MDB), with a significant move in options trading detected by Benzinga. The activity includes 40 extraordinary options activities, with 65% bearish and 35% bullish sentiment. The price target range for MDB is set between $185.0 to $700.0. The largest trades include both puts and calls with varying sentiments and strike prices. MongoDB is currently trading at $432.01, down by -2.88%, with an RSI indicating a neutral position. Analysts have mixed opinions, with an average price target of $482.67.
February 21, 2024 | 7:15 pm
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NEGATIVE IMPACT
MongoDB has seen a significant bearish move in options trading, with a current trading price of $432.01, down by -2.88%. Analysts have mixed opinions, setting an average price target of $482.67.
The bearish sentiment among deep-pocketed investors, as indicated by the options trading activity, suggests a potential short-term downside for MongoDB's stock. The mixed analyst ratings further contribute to the uncertainty, although the average price target suggests some optimism. The current price drop and neutral RSI readings add to the bearish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100