Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why MongoDB Stock Jumped Again Today

TheMotleyFool

0 0

Shares of MongoDB (NASDAQ: MDB) jumped again today on continued momentum from yesterday's earnings pop, closing out the session up 14%. There was no company-specific news, but the tech sector enjoyed a broad-based rally after selling off aggressively yesterday. Lawmakers are also reportedly making progress on stimulus negotiations.

The database technology company had reported strong third-quarter results on Tuesday evening, and the stock has now soared to all-time highs in the days since. In the wake of the report, a slew of analysts increased price targets yesterday, which may have contributed to today's momentum.

Image source: Getty Images.

Source Fool.com

Like: 0

MDB

Share