Why MongoDB, DocuSign, and Fastly Stocks Tanked on Tuesday

Why MongoDB, DocuSign, and Fastly Stocks Tanked on Tuesday
Rich Smith, The Motley Fool

Cloud computing stocks have been some of the hottest tickets during the coronavirus pandemic. Over the past year, shares of database platform MongoDB (NASDAQ: MDB) have doubled, the stock of e-signature company DocuSign (NASDAQ: DOCU) has tripled, and "cloud edge" provider Fastly (NYSE: FSLY) has quadrupled. One theory is that these stocks, all of which profited mightily from the epochal shift to working from home, are suffering from negative "pin action," and responding negatively to how investors greeted Zoom Video's (NASDAQ: ZM) third-quarter earnings today.