MongoDB Stock Plunges 29% Year to Date: Should You Buy the Dip?
MongoDB(MDB) ZACKS·2024-09-12 01:05
MongoDB (MDB) shares have plunged 28.7% year to date, underperforming the Zacks Computer and Technology sector's growth of 13.6%, raising questions about whether this presents a buying opportunity for investors. This significant decline comes amid broader market volatility and shifting sentiment toward growthoriented technology stocks. MongoDB, known for its popular NoSQL database platform, has been a darling of the tech industry since its IPO in 2017. The company's innovative approach to data management ha ...