Overall market sentiment has been down on Mongodb Inc (MDB) stock lately. MDB receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What’s Happening With MDB Stock Today?
Mongodb Inc (MDB) stock has fallen -2.59% while the S&P 500 is up 0.54% as of 2:03 PM on Thursday, Mar 2. MDB has fallen -$5.43 from the previous closing price of $209.97 on volume of 1,151,422 shares. Over the past year the S&P 500 is lower by -7.74% while MDB has fallen -46.43%. MDB lost -$5.37 per share in the over the last 12 months.
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More About Mongodb Inc
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB’s database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
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