We recently compiled a list of the 10 Firms Mirror Broader Market Downturn Ahead of 2025. In this article, we are going to take a look at where MicroStrategy Incorporated (NASDAQ:MSTR) stands against the other firms that mirror broader market downturn ahead of 2025.
Ten companies mirrored a wider market downturn on Monday, as investors repositioned their portfolios in preparation for 2025.
On Monday, the Dow shed 0.97 percent or 418 points, while the S&P’s broader index decreased 0.95 percent or 56.48 points. The tech heavy Nasdaq registered the biggest decline, down 1.19 percent or 235.24 points.
In this article, let’s look at why some of the relatively larger-cap companies declined and what dragged down the performance of their shares.
A software engineer wearing a headset, collaborating with a remote team on a project.
MicroStrategy Incorporated (NASDAQ:MSTR)
MicroStrategy Incorporated (NASDAQ:MSTR) saw its share price on Monday drop by 8.19 percent to end the day at $302.96 apiece. In the past five days, its valuation also marked a 15.43-percent decline while shares in the last 30 days were similarly down by 20.34 percent.
According to analysts, investor sentiment was weighed down by announcements that MicroStrategy was buying less and less Bitcoin compared with the week prior and was further dragged by lower Bitcoin prices.
The cryptocurrency was trading at around $92,500 recently, down from highs last week of around $99,000 and an all-time high of $108,000 set two weeks ago.
Just recently, MicroStrategy (MSTR) joined the Nasdaq 100, a significant milestone for the company and its shareholders. The Nasdaq-100 index represents 100 of the largest non-financial companies listed on the Nasdaq stock exchange.
Overall, MSTR ranks 3rd on our list of firms that mirror broader market downturn ahead of 2025. While we acknowledge the potential of MSTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.