Here's How MongoDB Shares Gained 11% in April
Shares of MongoDB (NASDAQ: MDB) rose 11.2% in April 2021, according to data from S&P Global Market Intelligence. The maker of alternative database software didn't have much news to share last month. Instead, the stock quietly executed a partial rebound after plunging 30.7% in March.
The March crash wasn't really MongoDB's own fault, either. The company posted fourth-quarter earnings on March 9, beating Wall Street's estimates across the board and sparking a small but short-lived bounce on the stock chart. The downward pressure resulted from widespread coronavirus vaccinations as investors started to feel like the business world might get back to normal fairly soon.
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Source Fool.com
