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Key Takeaways
- Shares of Palantir Applied sciences, MicroStrategy, and Axon Enterprise traded decrease of their first day on the Nasdaq 100 Index.
- The Nasdaq introduced Dec. 13 that the three would be a part of the index earlier than immediately’s begin of buying and selling as a part of its annual reconstitution.
- MicroStrategy additionally gave an replace on its beforehand introduced inventory sale and elevated purchases of bitcoin.
It hasn’t been an awesome kickoff for the latest members of the Nasdaq 100 Index.
Shares of Palantir Applied sciences (PLTR), MicroStrategy (MSTR), and Axon Enterprise (AXON) all started the session buying and selling decrease on their first day of being included within the prestigious index.
The Nasdaq stated on Dec. 13 that the three could be a part of its index earlier than immediately’s opening bell as a part of its annual reconstitution.
MicroStrategy Updates Inventory Sale, Buys Extra Bitcoin
Additionally weighing on MicroStrategy shares was the corporate’s replace on a inventory sale it introduced Oct. 30, aimed toward elevating as much as $21 billion, and a brand new bitcoin (BTC) buy. It famous in a regulatory submitting that between Dec. 16-22, it had offered about 1.3 million shares, valued at $561 million. MicroStrategy added that roughly $7.08 billion of shares remained accessible for buy.
The biggest company holder of the cryptocurrency additionally reported that from Dec. 16-22, it had paid the identical quantity to amass an extra 5,262 bitcoins. The typical value was $106,662, near the cryptocurrency’s all-time excessive.
MicroStrategy defined that as of Sunday, it owned 444,262 BTC.
Regardless of immediately’s selloff, shares of Palantir Applied sciences and MicroStrategy have skyrocketed 360% and 445%, respectively, this yr, whereas Axon Enterprise shares have jumped 140%.
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