Microstrategy ( (MSTR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
MicroStrategy’s stock has taken a nosedive, underperforming Bitcoin itself. The decline is primarily due to investors losing interest in paying a premium for MicroStrategy’s Bitcoin holdings when they can directly purchase the cryptocurrency at a cheaper rate. Despite this sharp fall, analysts remain optimistic about the stock’s long-term prospects, highlighting its impressive growth over the past year and potential gains from current prices.
More about Microstrategy
Average Trading Volume: 27,494,589
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $70.91B
For further insights into MSTR stock on TipRanks’ Stock Analysis page.
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