Why MicroStrategy Stock Soared 59% in November
Shares of MicroStrategy (NASDAQ: MSTR), the cloud software stock that has converted itself into a Bitcoin (CRYPTO: BTC) treasury stock, were surging last month, benefiting from all-time high Bitcoin prices and the belief that the Trump administration will adopt crypto-friendly policies.
As a result, the stock finished the month up 59%, according to data from S&P Global Market Intelligence. Microstrategy's stock tends to trade as a leveraged Bitcoin ETF, which helps explain the stock's volatility over the month.
Source Fool.com
Microstrateg.a New Stock
€84.62
3.680%
The stock is one of the favorites of our community with 56 Buy predictions and 2 Sell predictions.
Based on the current price of 84.62 € the target price of 270 € shows a potential of 219.07% for Microstrateg.a New which would more than double the current price.
