MicroStrategy ($MSTR) Stock Forecast: Down 23.5% Today

What is MicroStrategy?

MicroStrategy (NASDAQ: MSTR) is a business intelligence firm known for its significant investment in Bitcoin, which directly affects its stock price.

Why is MicroStrategy going down?

MSTR stock is down 23.5% on Nov 22, 2024 14:41

• MicroStrategy's stock experienced a notable bearish movement today, potentially driven by the following factors:
• Concerns arose among investors due to the company's trading at a substantial premium to its Bitcoin holdings, questioning its valuation and reliance on cryptocurrency.
• Investor sentiment may have shifted following Jim Cramer's statement favoring direct ownership of Bitcoin over investing in MicroStrategy.
• The stock showed a modest recovery in pre-market trading after a sharp decline, indicating persistent volatility and uncertainty about MicroStrategy's future performance.
• The approaching $100K milestone for Bitcoin could have contributed to the negative impact on MicroStrategy's stock, with investors evaluating the risks associated with the cryptocurrency's price fluctuations.

MSTR Price Chart

MSTR Technical Analysis

MSTR News

MicroStrategy Trading At 'Insane' 256% Premium To Bitcoin Holdings, Research Shows - MicroStrategy ( NASDAQ:MSTR )

MicroStrategy Incorporated MSTR is trading at an astonishing 256% premium to the net asset value ( NAV ) of its Bitcoin BTC/USD holdings, according to research conducted by BitMEX.

https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows

Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin - B&G Foods ( NYSE:BGS )

On CNBC's "Mad Money Lightning Round," Jim Cramer said MicroStrategy Incorporated MSTR is a Bitcoin play and he prefers to actually own Bitcoin BTC/USD. MicroStrategy announced it completed its previously announced offering of its 0% convertible senior notes due 2029.

https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin

The Post That Just Saved Us Money On Nvidia - MicroStrategy ( NASDAQ:MSTR ) , NVIDIA ( NASDAQ:NVDA )

As I type this after hours on Wednesday, shares of Nvidia Corporation NVDA are down about 1% in the post-market after the company posted a modest earnings beat, but guidance a bit lower than the Street expected.

https://www.benzinga.com/markets/24/11/42136845/the-post-that-just-saved-us-money-on-nvidia

After Plunging 16%, MicroStrategy Makes Modest Recovery In Friday Pre-Market: Is There Still Hope For A $100K BTC Effect? - MicroStrategy ( NASDAQ:MSTR )

After a sharp decline on Thursday, MicroStrategy Inc. MSTR is showing signs of recovery in pre-market trading on Friday. What Happened: MicroStrategy experienced a 2.73% increase in pre-market trading early Friday morning, following a significant 16% drop on Thursday, according to Benzinga Pro on ...

https://www.benzinga.com/markets/cryptocurrency/24/11/42134782/after-plunging-16-microstrategy-makes-modest-recovery-in-friday-pre-market-is-there-still-

MicroStrategy Stock Sinks 16% As Bitcoin Nears $100K-Is It Too Hot to Handle?

MicroStrategy has since emerged as the second most actively traded stock on the Nasdaq by dollar volume, trailing Nvidia. But is it too hot?

https://decrypt.co/292985/microstrategy-stock-sinks-16-as-bitcoin-nears-100k-is-it-too-hot-to-handle

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MicroStrategy Price History

13.10.2024 - MSTR Stock was up 9.2%

• The bullish movement in MSTR can be attributed to several factors:
• A director selling company shares initially caused concern, but overall market sentiment remained positive, leading to a surge in the stock price.
• The MSTX ETF surpassing $1 billion in assets under management indicates growing investor interest and confidence in MicroStrategy's future performance.
• Despite some bearish options trading activity, overall bullish momentum in the market seems to have outweighed any negative sentiment.
• Reports of George Soros selling MSTR stock early, resulting in losses on his Bitcoin bet, might have also contributed to increased trading activity and volatility in the stock.

22.10.2024 - MSTR Stock was down 23.5%

• MicroStrategy's stock experienced a notable bearish movement today, potentially driven by the following factors:
• Concerns arose among investors due to the company's trading at a substantial premium to its Bitcoin holdings, questioning its valuation and reliance on cryptocurrency.
• Investor sentiment may have shifted following Jim Cramer's statement favoring direct ownership of Bitcoin over investing in MicroStrategy.
• The stock showed a modest recovery in pre-market trading after a sharp decline, indicating persistent volatility and uncertainty about MicroStrategy's future performance.
• The approaching $100K milestone for Bitcoin could have contributed to the negative impact on MicroStrategy's stock, with investors evaluating the risks associated with the cryptocurrency's price fluctuations.

14.10.2024 - MSTR Stock was down 8.1%

• The significant sale of company shares by MicroStrategy's director, Leslie J. Rechan, worth $12 million could have signaled profit-taking and raised concerns among investors.
• The bearish stance taken by whales in MicroStrategy's options market, with 30% of investors opening trades with a bullish outlook, might have contributed to the negative sentiment surrounding the stock.
• The surge in MicroStrategy's valuation by $50 billion in the last two months, largely attributed to Bitcoin's bullish turn, could have led to profit realization and a subsequent bearish correction in the stock price.
• Questions about whether it's too late to buy MicroStrategy stock amidst the skyrocketing prices indicate potential investor hesitation, further impacting the bearish movement observed today.

20.10.2024 - MSTR Stock was up 19.0%

• MicroStrategy leads in corporate adoption of Bitcoin, influencing Acurx Pharmaceuticals to add Bitcoin to its treasury reserves, possibly boosting positive sentiment around MSTR.
• Speculation about Microsoft's interest in a Bitcoin investment, supported by Michael Saylor, may have heightened investor confidence in MicroStrategy's innovative strategies.
• Despite criticism from individuals like Peter Schiff, who ridiculed MicroStrategy's Bitcoin purchase approach, the company's announcement of a $1.75 billion convertible notes offering to expand its Bitcoin holdings likely reassured investors of its cryptocurrency commitment.

20.10.2024 - MSTR Stock was up 20.5%

• MicroStrategy's recent surge is attributed to its acquisition of an additional 51,780 Bitcoins, amounting to $4.6 billion, reinforcing its position in the cryptocurrency market.
• Michael Saylor, Chairman of MicroStrategy, advocating for Bitcoin investments at a board meeting potentially contributed to boosting investor confidence in the company's future growth.
• The company's $1.75 billion convertible notes offering to expand its Bitcoin holdings demonstrates a strong commitment to increasing its exposure to digital assets, resonating positively with investors.
• Despite criticism from skeptics like Peter Schiff regarding MicroStrategy's aggressive Bitcoin purchasing strategy, the market appears to be reacting positively to the company's bold steps in the crypto sphere.

18.10.2024 - MSTR Stock was up 11.0%

• MicroStrategy's stock saw a bullish trend following its substantial Bitcoin purchase, reinforcing its role in the cryptocurrency market.
• The company's continuous investments in Bitcoin, combined with positive market sentiment toward cryptocurrencies, drove the stock's strong performance.
• Michael Saylor's optimistic Bitcoin projections, anticipating a price of $100,000 by the end of the year, potentially boosted investor confidence and interest in MicroStrategy's stock.

19.10.2024 - MSTR Stock was up 10.3%

• MicroStrategy recently purchased an additional 51,780 Bitcoins worth $4.6 billion, increasing its total holdings to 331,200 BTC.
• The company's announcement of a $1.75 billion convertible notes offering aimed at expanding its Bitcoin holdings further spurred investor optimism and drove the stock price higher.
• Economist Peter Schiff's humorous comment on MicroStrategy's Bitcoin purchase strategy generated buzz about the company and its bold investment approach in the cryptocurrency market.
• Wall Street banking giants such as JPMorgan, Goldman Sachs, and Morgan Stanley holding notable positions in cryptocurrency-related ETFs, including MicroStrategy stock, helped boost market confidence in MSTR's upward trend.

15.10.2024 - MSTR Stock was up 5.2%

• MicroStrategy's bullish movement can be attributed to CEO Michael Saylor's bullish stance on Bitcoin, expecting a price of $100,000 by the year's end.
• The anticipation of a New Year's Eve party to celebrate the expected milestone in Bitcoin's price has likely generated positive sentiment around MicroStrategy.
• The company's increasing market cap, surpassing the valuation of traditional companies like Ford, showcases the growing influence of Bitcoin on MicroStrategy's stock price.
• Despite a director selling a significant amount of company shares, the overall bullish momentum driven by Bitcoin's surge seems to have outweighed any potential concerns among investors.

21.10.2024 - MSTR Stock was down 5.0%

• Today's bearish movement in MSTR may be linked to concerns raised by a prominent short seller targeting the stock, questioning its alignment with Bitcoin fundamentals.
• The negative stance taken by wealthy investors on MSTR, as revealed in options data, likely intensified selling pressure on the stock.
• Despite early gains in pre-market trading fueled by rising Bitcoin prices, there is a prevailing bearish sentiment towards MSTR, possibly influenced by skepticism from key market players.
• The significant downtrend in MSTR today could be a response to market reactions to warnings raised by certain parties and the shift from bullish to bearish sentiment.

21.10.2024 - MSTR Stock was up 14.0%

• MSTR experienced a strong bullish movement today, climbing over 8% in pre-market trading, likely driven by the increasing value of Bitcoin, which is approaching $98,000.
• The company's strategic bet on Bitcoin has paid off, with MSTR surpassing the stock activity of major players like Nvidia and Tesla.
• MicroStrategy's focus on Bitcoin has captured the attention of Wall Street, making it the second-most traded stock after Nvidia, showcasing the market's interest in cryptocurrency-related investments.
• Despite the positive momentum, some analysts are cautious about a potential blow-off top formation in MSTR, warning investors to be vigilant and secure their gains.

21.10.2024 - MSTR Stock was down 20.4%

• The bearish movement in MicroStrategy's stock today could be linked to negative comments and a pessimistic outlook from short seller Andrew Left on the company's stock, suggesting possible overvaluation and detachment from Bitcoin fundamentals.
• The information about influential investors taking a bearish stance on MicroStrategy may have contributed to the downward pressure on the stock, leading to a cautious market sentiment.
• Despite being a significant player in the cryptocurrency market, today's sharp decline in the stock may also indicate investors capitalizing on profits following MSTR's previous bullish phase driven by its growth influenced by Bitcoin.

18.10.2024 - MSTR Stock was up 5.5%

• MicroStrategy's recent surge could be linked to its recent acquisition of an additional $4.6 billion worth of Bitcoin, reaffirming its position as a significant player in the cryptocurrency market.
• The increase in exposure to Bitcoin and cryptocurrency-related ETFs by major Wall Street banking institutions like JPMorgan, Goldman Sachs, and Morgan Stanley might have contributed to boosting investor confidence in MicroStrategy's strategic investment strategy.
• Michael Saylor's optimistic forecast of a $100,000 Bitcoin price by the year-end and his plans for a "Bitcoin $100K party" could have created excitement and a positive outlook on MicroStrategy's future in the crypto industry.