MongoDB (NASDAQ:MDB) stock identified change of 98.51% away from 52-week low price and recently located move of -24.09% off 52-week high price. It has market worth of $7.90B. MDB stock has been recorded 4.97% away from 50 day moving average and -0.07% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.37% off 20-day moving average.
On Jan. 8, 2020, MongoDB (NASDAQ:MDB) the leading modern, general purpose database platform, declared that it intends to offer, subject to market conditions and other factors, $750.0 million aggregate principal amount of convertible senior notes due 2026 (the notes) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). MongoDB also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $112.5 million aggregate principal amount of notes.
The notes will be general unsecured obligations of MongoDB and will accrue interest payable semiannually in arrears. The notes will be convertible under certain circumstances into cash, shares of MongoDB’s Class A common stock or a combination of cash and shares of MongoDB’s Class A common stock, at MongoDB’s election. The interest rate, initial conversion rate, repurchase or redemption rights and other terms of the notes will be determined at the time of pricing of the offering.
MongoDB intends to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below, and to repurchase for cash up to approximately $240.0 million of the aggregate principal amount of MongoDB’s existing 0.75% Convertible Senior Notes due 2024 (the 2024 notes) through individually privately negotiated transactions concurrently with the offering of the notes. MongoDB intends to use the remainder of the net proceeds for working capital and other general corporate purposes.
The Technology sector company, MongoDB noticed change of 1.02% to $140.27 along volume of 909273 shares in last session compared to an average volume of 1.16M shares. The stock observed return of 6.58% in 5 days trading activity. The stock was at 6.94% over one month performance. MDB’s shares are at 10.02% for the quarter and driving a 55.87% return over the course of the past year and is now at 6.58% since this point in 2018.
The average volatility for the week at 4.70% and for month was at 4.32%. There are 56.34M shares outstanding and 47.30M shares are floated in market.
David Yen is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Business News category for our site. David Yen is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 5 years of investment experience; an M.B.A. from Louisiana State University and also certified in Risk Management Assurance.
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