Shares of (NASDAQ: MDB) shot higher following a strong quarterly earnings announcement. The company's better-than-expected results and upbeat outlook drove the stock up 39.9% in June, according to S&P Global Market Intelligence.

MongoDB is one of the high-growth tech darlings that exploded to an unsustainable valuation during the pandemic then dropped steeply as interest rates rose while growth slowed. Along with many other growth stocks, MongoDB has since exhibited volatility as investors make sense of a complicated macroeconomic environment.

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Source Fool.com