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Why MongoDB Stock Gained 20% In July

TheMotleyFool

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Why MongoDB Stock Gained 20% In JulyPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of MongoDB (NASDAQ: MDB) were flying higher last month as improving investor sentiment drove a recovery among cloud stocks, and the company benefited from some bullish analyst chatter.

While there was little company-specific news out on the database software business, the improving macroeconomic picture favored the stock.

According to data from S&P Global Market Intelligence, the stock finished the month up 20%, though the chart below shows that it wasn't a smooth ride.

Source Fool.com

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