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Here's How MongoDB Shares Gained 11% in April

TheMotleyFool

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Here's How MongoDB Shares Gained 11% in AprilPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

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.

Image source: Getty Images.

Source Fool.com

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