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Why Shares of MongoDB Jumped Today

TheMotleyFool

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Why Shares of MongoDB Jumped TodayPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Shares of MongoDB, Inc. (NASDAQ: MDB), a cloud-database company, popped today as some in the technology industry speculated that the company would make a nice acquisition target for Microsoft.

The tech stock was up by as much as 7% today and had gained 6.5% by the end of the trading day.

While there was no company-specific news that caused MongoDB's shares to rise today, some investors may have seen an article in The Information (an online news website) which said that the company would make a logical acquisition target for Microsoft in the coming year.

Source Fool.com

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