MicroStrategy Tumbles After Citron Research Shorts the Stock

(Bloomberg) -- MicroStrategy Inc shares tumbled after Andrew Left’s Citron Research said in a post on X that it’s betting against the software company, which has effectively transformed …

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MicroStrategy Tumbles After Citron Research Shorts The Stock

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Nov 21, 2024 · At Thursday’s close, MicroStrategy’s market value was about $89 billion. Citron Research is not the first to suggest hedging a bullish Bitcoin position by shorting …

bnnbloomberg.ca

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Citron Shorts MicroStrategy, Sparks Sharp Selloff Despite Positive ...

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Nov 22, 2024 · After Citron Research disclosed a short position in the stock, claiming it is "overheated," MicroStrategy (NASDAQ:MSTR) shares fell dramatically to $397.28 on …

yahoo.com

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Citron Shorts MicroStrategy, Sparks Sharp Selloff Despite Positi

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Nov 22, 2024 · After Citron Research disclosed a short position in the stock, claiming it is "overheated," MicroStrategy (MSTR, Financial) shares fell dramatically to $397.28 on …

gurufocus.com

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MicroStrategy Sinks After Citron Research Shorts 'overheated' …

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MicroStrategy (NASDAQ:MSTR) slumped 16.2% to $397.28/share on Thursday, reversing earlier gains that saw shares rise nearly 15%, after activist short seller Andrew Left's Citron Research …

msn.com

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Bitcoin Whale MicroStrategy Sees Its Stock Plunge After Citron Bets ...

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Nov 28, 2024 · MicroStrategy’s stock fell 10% after Citron Research announced it was betting against the Bitcoin-heavy company. Citron argued Bitcoin ETFs make investing easier, making …

cryptopolitan.com

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Bitcoin Whale MicroStrategy Sees Its Stock Plunge After Citron Bets ...

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MicroStrategy took a massive hit on Thursday after Citron Research revealed it’s betting against the company. The stock dropped by as much as 10% in intraday trading, reversing earlier …

msn.com

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MicroStrategy Stock Tumbles Over 4% In Thursday Premarket

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3 days ago · What Happened: MicroStrategy’s recent filing with the U.S. Securities and Exchange Commission (SEC) aims to expand the authorized number of Class A common stock from 330 …

benzinga.com

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Citron Research Says MicroStrategy Is 'overheated' - Investing.com

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Nov 21, 2024 · In a tweet on Thursday, the research firm reflected on its 2020 endorsement of MicroStrategy as a Bitcoin proxy investment, recalling a price target of $700 when the stock …

investing.com

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MicroStrategy Stock Is Up 400% This Year—What You Need To …

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6 days ago · Take short seller Citron Research, which remains bullish on bitcoin but opened a short position in MicroStrategy as a hedge, in essence betting on the stock price to fall.

investopedia.com

FAQs about MicroStrategy Tumbles After Citron Research Shorts the Stock Coupon?

Should you short MicroStrategy & Citron Research?

Citron Research is not the first to suggest hedging a bullish Bitcoin position by shorting MicroStrategy. In March, Kerrisdale Capital Management LLC made a similar call, saying that it was long Bitcoin but short shares of MicroStrategy. MicroStrategy Falls as Kerrisdale Shorts, Says It’s Long Bitcoin ...

Is Citron Research betting on MicroStrategy?

MicroStrategy took a massive hit on Thursday after Citron Research revealed it’s betting against the company. The stock dropped by as much as 10% in intraday trading, reversing earlier gains of nearly 15%. ...

Does citron think MicroStrategy is overhyped and ready to tumble?

In simple terms: Citron likes Bitcoin but thinks MicroStrategy’s stock is overhyped and ready to tumble. Bitcoin soared past $98,000 on Thursday, pushing MicroStrategy’s market value over $100 billion. For perspective, that’s enough to place it among the top 100 companies in the S&P 500. ...

What is MicroStrategy & Citron's short bet?

Here’s the cycle: MicroStrategy sells overpriced stock, uses the cash to buy Bitcoin, which boosts its stock price even more. Investors love a winning streak, so they keep buying, driving prices higher. It’s a loop that works until it doesn’t. Citron’s short bet is basically a bet that this loop is about to break. ...

What happened to MicroStrategy (MSTR)?

MicroStrategy (NASDAQ:MSTR) slumped 16.2% to $397.28/share on Thursday, reversing earlier gains that saw shares rise nearly 15%, after activist short seller Andrew Left's Citron Research bet against the "overheated" stock. ...

Did citron hedge a short position against MicroStrategy?

Citron said it had hedged its perspective with a short position against MicroStrategy, even though it maintained a positive outlook on BTC. Supported by robust investor attitude toward BTC markets, MicroStrategy shares remain up 78% from Election Day and have gained 529% YTD despite Thursday's selloff. This article first appeared on GuruFocus. ...