Analysis: MicroStrategy shares have fallen nearly 25% since November 21, making it difficult to enter the S & P 500.
2024-12-20 09:24:10
Crypto currency market encounter microstrategy share price next Thursday 6.6desk3cryptocurrencydesktopCrypto News
The cryptocurrency market suffered a decline. MicroStrategy's share price fell 6.6% to close at $326.46 on Thursday. Since hitting an intraday all-time high of $543 on November 21, MicroStrategy's share price has fallen by nearly 25%. The analysis believes that although the company is about to join the Nasdaq 100 index on December 23, which may attract index-related buying, its share price may still be under some pressure. Barron's Magazine warned that the premium is too high, which may make MicroStrategy's share price vulnerable to correction when the premium is further reduced. Although there are rumors that MicroStrategy may be included in the S & P 500 index due to the upcoming accounting rule changes that will take effect in 2025 after the Nasdaq index correction, this possibility seems remote.
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