MicroStrategy is implementing a 10-to-1 stock split to make shares more accessible

From Nasdaq.

July 17, 2024 8:53:19 pm:

MicroStrategy (NASDAQ:MSTR) is implementing a 10-to-1 stock split on August 1 to make shares more accessible to retail investors. This move could potentially drive an increase in MSTR’s share price, according to Stony Chambers Asset Research. The company holds a significant amount of Bitcoin, which adds to its appeal for investors looking to benefit from rising BTC per share.

Stony Chambers Asset Research believes that the stock split, along with potential gamma squeezes and short squeezes, could lead to “higher highs” for MSTR. The combination of factors, including the company’s Bitcoin holdings, make for a bullish outlook on the stock. All 6 analyst assessments over the past three months have rated MicroStrategy a Buy, with an average 12-month price target of $2,186.83 (pre-split).

Investors interested in MSTR should consider the potential impact of the stock split on the company’s share price and market dynamics. Despite the split not affecting the business’s overall value, there are expectations for positive market movements following the event. Stony Chambers Asset Research rates MSTR shares a Buy, emphasizing the bullish sentiment on Wall Street for the stock.

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