MicroStrategy (NASDAQ:MSTR) Rallies on 10-for-1 Stock Split

From Nasdaq

July 11, 2024 1:09 PM:

Shares of MicroStrategy (NASDAQ:MSTR) rose in trading after announcing a 10-for-1 stock split to make shares more accessible. The split will be executed through a stock dividend on August 1, 2024, with trading of new shares beginning on August 8, 2024.

Investor sentiment for MSTR stock is positive, with 0.7% of investors holding the stock. Despite Bitcoin’s recent pullback, 8.1% of holders increased their positions, indicating confidence in the company’s future.

Wall Street analysts have a Strong Buy consensus rating on MSTR stock, with an average price target of $2,186.83 per share, suggesting a 67.48% upside potential after a 224% rally in the past year.

Read more at Nasdaq: MicroStrategy (NASDAQ:MSTR) Rallies on 10-for-1 Stock Split