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home / news releases / MDB - Why MongoDB Stock Plunged Today

MDB - Why MongoDB Stock Plunged Today

MongoDB Inc.

2024-05-31 15:21:23 ET

Management of MongoDB (NASDAQ: MDB) , the high-priced database software stock, reported slower growth in the first quarter than investors are used to and offered disappointing guidance for the second quarter. Meanwhile, adjusted profits also fell in the quarter.

As a result, the stock was down 25.1% as of 11:44 a.m. ET.

Image source: Getty Images.

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Why MongoDB Stock Plunged Today
Stock Information
Company Name: MongoDB Inc.
Stock Symbol: MDB
Market: NASDAQ
Website: mongodb.com
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