🔴 MSTR is trading 4.4% down today after target cut and Bitcoin slide
MSTR
- Trading at $177.77 (-4.43%) during live trading.
- Shares reacting to Cantor Fitzgerald slashing MicroStrategy (MSTR) target price from $560 to $229 while keeping a bullish stance.
- Stock pressured as Bitcoin falls about 3.6% since last close, weighing on leveraged BTC proxy sentiment.
- Ongoing concerns around institutional selling, MSCI index removal risk, and leverage continue to dampen investor confidence.