MongoDB Stock Remains Under Pressure After CEO Departure to Meta as Nike, ASTS and Joby Hit 52-Week Lows

A wave of selling pushed several high-profile stocks to fresh 52-week lows on October 14, led by continued fallout from MongoDB's chief executive departure. CEO Chirantan "CJ" Desai stepped down to lead Meta's new enterprise AI business, sending MongoDB shares down nearly 20% when the move was announced on September 28, and the stock remained a focal point for investors weighing whether the selloff was overdone. The crash left MongoDB down roughly 21% year-to-date as of late September, with shares closing around $334.60 before any partial recovery.

Beyond MongoDB, AST SpaceMobile, Cipher Mining, and Joby Aviation all sank to 52-week lows on October 14. Piper Sandler downgraded ASTS to Neutral from Overweight and slashed its price target to $54 from $98, sending shares roughly 9% lower, even as Clear Street reiterated a Buy rating with a $115 price target, arguing the company holds a six-month lead over SpaceX in its core market. Joby Aviation, already down about 55% in 2026 and trading near $5.96, remained just above its 52-week floor despite a $250 million Toyota investment backing the eVTOL startup.

Nike continued its own prolonged slide, with shares hitting repeated 52-week lows and falling nearly 50% in 2026 overall. Mixed fiscal first-quarter results, improving margins offset by persistent weakness in China and execution risk around its broader turnaround, offered little relief to investors. S&P Global also drew scrutiny over investor concerns that a new monetization model may prove less lucrative than the one it replaces.