Why Shares of MongoDB Jumped Today
Shares of MongoDB, Inc. (NASDAQ: MDB), a cloud-database company, popped today as some in the technology industry speculated that the company would make a nice acquisition target for Microsoft.
The tech stock was up by as much as 7% today and had gained 6.5% by the end of the trading day.
While there was no company-specific news that caused MongoDB's shares to rise today, some investors may have seen an article in The Information (an online news website) which said that the company would make a logical acquisition target for Microsoft in the coming year.
Source Fool.com