Decoding MongoDB's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on MongoDB (NASDAQ:MDB) with significant options activity. 33% of trades were bullish and 29% bearish. The price range targeted by these trades is $190.0 to $400.0. Currently, MDB is trading at $315.52, down by 5.53%. Analysts have set an average price target of $467.5.
May 30, 2024 | 5:46 pm
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Whales have shown a bullish stance on MongoDB with significant options activity. The stock is currently trading at $315.52, down by 5.53%. Analysts have set an average price target of $467.5.
The significant options activity, with a majority of trades being bullish, indicates positive sentiment among large investors. Despite the current price drop, the high average price target from analysts suggests potential for upward movement.
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