Why MongoDB Stock Jumped Again Today

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.

Continue reading

Source Fool.com