Stock Of The Day: MongoDB Finds Support After Post-Earnings Volatility
MongoDB(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 $293 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 $529 million, while analysts were looking for $498 million.But sometimes headlines can be deceiving. GAAP stands for Generally Accepted Acco ...