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Stock Of The Day: MongoDB Finds Support After Post-Earnings Volatility
MDBMongoDB(MDB) Benzinga·2024-12-11 16:06

Shares of MongoDB, Inc. MDB are up marginally on Wednesday. This follows Tuesday’s selloff of almost 17%.The stock found support around the 293level.Thisisntacoincidence.ItsalsowhyourteamoftechnicalanalystshasmadeitourStockoftheDay.ThirdquarterearningsannouncedonMondaywere293 level. This isn't a coincidence. It's also why our team of technical analysts has made it our “Stock of the Day.”Third-quarter earnings announced on Monday were 1.16 per share, well ahead of estimates of 67 cents. Sales were 529million,whileanalystswerelookingfor529 million, while analysts were looking for 498 million.But sometimes headlines can be deceiving.  GAAP stands for Generally Accepted Acco ...