MongoDB stock drops about 4% in late trade as software sector slides — what’s next for MDB
New York, January 2, 2026, 15:34 ET — Regular session MongoDB, Inc. shares slid about 4% in afternoon trading on Friday, falling to around $402 and underperforming the broader market as software stocks weakened on the first trading day of 2026. The move matters because MongoDB trades like a classic “risk-on” software stock — the kind that can swing hard when investors reassess valuations and interest-rate expectations. “Stocks trade expensive on 18 of 20 measures,” Bank of America equity and quant strategist Savita Subramanian wrote in a note. Reuters Software was a notable drag: the iShares Expanded Tech-Software Sector ETF