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-0.00038031770178901 -0.000507301909397916 -8.88889453256562E-06 -0.000316825597984377 -6.28571827663864E-05 0.000953016478105758 0.000572063855278681 0.000635555959083134
Stock impact report

Why Strategy (MSTR) Shares Are Falling Today [Yahoo! Finance]

Strategy Inc - Class A (MSTR) 
Last strategy inc - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
Company Research Source: Yahoo! Finance
purchasing strategy to build cash reserves while Citigroup significantly lowered its price target on the stock. Strategy sold 4.5 million shares, raising nearly $748 million and boosting its cash holdings to $2.19 billion. This move to suspend Bitcoin purchases was interpreted by observers as a defensive shift, suggesting the company was preparing for a potential downturn in the cryptocurrency market. Adding to the pressure, a Citigroup analyst cut the firm's price target on the stock by nearly 33% to $325 from $485, although the "Buy" rating was maintained. The company's stock, which is closely linked to the value of Bitcoin, also faced headwinds as the cryptocurrency's price slid. This development followed a recent decision by MSCI not to add Strategy to a key index, which also weighed on the stock. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Strategy? Access our full analysis report Show less Read more
Impact Snapshot
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Time And Velocity Analysis
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