Shares of MongoDB (NASDAQ: MDB) were flying higher last month as improving investor sentiment drove a recovery among cloud stocks, and the company benefited from some bullish analyst chatter. While there was little company-specific news out on the database software business, the improving macroeconomic picture favored the stock. According to data from S&P Global Market Intelligence, the stock finished the month up 20%, though the chart below shows that it wasn't a smooth ride.
In the latest trading session, MongoDB (MDB) closed at $318.02, marking a +1.78% move from the previous day.
These cloud data companies are uniquely positioned to create value and reward investors in the long run.