MongoDB (MDB) continued its recent decline, trading down 3.43% at $334.18, extending yesterday's significant 7.14% drop, despite no company-specific news today.
- The downward movement tracks the broader market, with the Nasdaq Composite falling 1.07% amid tech rotation and weak economic data.
- The stock's decline occurs despite BofA reiterating a Buy rating on January 30, setting a $500 price target based on Atlas growth and AI focus.
- Options activity indicates mixed sentiment, with the put/call ratio currently favoring puts.