MongoDB shares rise after $1 billion buyback
MDB•MongoDB shares rose 5.8% after the company authorized an additional $1 billion share buyback, bringing its total authorization to $2 billion. Of that total, $1.35 billion remains available for future repurchases.
1. Buyback authorization
MongoDB authorized an additional $1 billion share buyback, bringing its total authorization to $2 billion, with $1.35 billion still available for future repurchases. The shares had tumbled 18.3% on Monday after the company announced a CEO transition.
