I think $MSTR is in a tough spot: MSCI will remove it from its indices after the market closes on November 30. Under MSCI’s new rules for non-operating companies, it failed to meet the five financial ratio tests.
The software stock has already fallen to its lowest level since August. At this pace, it’s on track for its fifth down day in six sessions. The index removal, combined with failing the financial tests, is putting considerable near-term pressure on the stock.
The software stock has already fallen to its lowest level since August. At this pace, it’s on track for its fifth down day in six sessions. The index removal, combined with failing the financial tests, is putting considerable near-term pressure on the stock.