Why MongoDB Stock Surged Today
MongoDB(MDB) The Motley Fool·2024-11-22 03:45
Shares of database company MongoDB (MDB 11.89%) surged on Thursday and there is likely a combination of factors driving the move. On one hand, the company's adoption could be about to improve thanks to a stronger relationship with Microsoft. And it also appears that spending for software might be picking back up. These are likely factors to explain why MongoDB stock was up 14% as of 1:50 p.m. ET.Could MongoDB's outlook be improving?Shares of Snowflake, a peer of MongoDB, are up big today after noting big ga ...