What's Going On With MicroStrategy Stock Friday?
Portfolio Pulse from Dylan Berman
MicroStrategy, Inc. (MSTR) stock is moving higher on Friday due to a rise in Bitcoin's price above $67,000. Other crypto-linked stocks like Riot Platforms, Inc. (RIOT) and Coinbase Global, Inc. (COIN) are also seeing gains. MicroStrategy is trading at $1,758, significantly above its 50-day moving average of $1,529. The company is expected to report earnings on Thursday, with analysts predicting a loss of $1.10 per share and revenue of $122.60 million.
July 26, 2024 | 3:21 pm
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POSITIVE IMPACT
Coinbase Global, Inc. stock is moving higher following the rise in Bitcoin's price above $67,000.
Coinbase is a crypto-linked stock that benefits from the rise in Bitcoin's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
MicroStrategy's stock is up 9.43% due to Bitcoin's price surge above $67,000. The stock is trading significantly above its 50-day moving average. Earnings report expected Thursday with analysts predicting a loss of $1.10 per share and revenue of $122.60 million.
The rise in Bitcoin's price directly impacts MicroStrategy's stock due to its significant Bitcoin holdings. The upcoming earnings report adds another layer of interest for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Riot Platforms, Inc. stock is moving higher following the rise in Bitcoin's price above $67,000.
Riot Platforms is a crypto-linked stock that benefits from the rise in Bitcoin's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50