MDB is trading at $327.20 (-3.08%) amid a sharp market decline fueled by recession fears and Alphabet's massive AI capital expenditure plans spooking tech investors.
- The stock is tracking lower alongside the NASDAQ Composite (-1.66%) and S&P 500 (-1.23%) following weak labor market data, including 231K jobless claims and 108K job cuts.
- While no company-specific news was released today, sentiment may shift during the Q4 earnings report on March 2, supported by a Zacks #1 rank and a positive Earnings ESP of +1.42%.