{ }
Symbol MRNA
Name Moderna, Inc.
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country United States
State MA
City Cambridge
Zipcode 2139
Website http://www.modernatx.com
MicroStrategy has appointed former Binance.US CEO Brian Brooks, along with Jane Dietze and Gregg Winiarski, to its board of directors, expanding the board to nine members. This announcement follows MicroStrategy's inclusion in the Nasdaq-100 Index, effective December 23. Brooks, who previously served as acting Comptroller of the Currency, is noted for his significant connections in the banking and crypto sectors.
The S&P 500 and Nasdaq Composite reached new highs, while the Dow faced its eighth consecutive loss as investors await the Federal Open Market Committee's interest rate decision. Despite a positive trend in new highs, breadth data indicates underlying market weakness, with more decliners than advancers. Nvidia's stock correction continues, raising concerns about future sales, yet analysts remain optimistic about tech stocks' growth driven by the AI Revolution.
MicroStrategy's stock surged nearly 5% following its announcement of acquiring an additional 15,350 bitcoins for $1.5 billion, bringing its total holdings to approximately 440,000 bitcoins. The company will also join the Nasdaq 100 on December 23, replacing three other firms. Despite skepticism from some analysts regarding its strategy, MicroStrategy's shares have skyrocketed over 580% this year.
Dow Jones, S&P 500, and Nasdaq futures will open Sunday evening, with the final Federal Reserve meeting of 2024 scheduled for Dec. 17-18, where a quarter-point rate cut is expected. The stock market had a mixed week, with the Nasdaq slightly up, driven by gains in Alphabet, Tesla, and Broadcom, while Nvidia lagged amid rising Treasury yields. Palantir, MicroStrategy, and Axon Enterprise will join the Nasdaq 100 index, replacing Moderna, Super Micro Computer, and Illumina.
MicroStrategy, led by Michael Saylor, will be added to the Nasdaq-100 Index on December 23, joining Palantir Technologies and Axon Enterprise. This inclusion positions MicroStrategy among the 100 largest stocks by market capitalization, enhancing its visibility in the investment community, particularly for those seeking Bitcoin exposure. The move has sparked excitement in the crypto industry, with analysts predicting significant implications for institutional investment in Bitcoin.
MicroStrategy, a major player in Bitcoin investments, will join the Nasdaq 100 index on December 23, potentially boosting demand for its stock, which has surged over sixfold this year. The company's market cap stands at approximately $90 billion, despite generating less than $500 million in revenue over the past year. With 423,650 bitcoins in its possession, MicroStrategy continues to leverage its position in the crypto market, aiming for future inclusion in the S&P 500.
XRP is poised for a potential breakout as it trades within a descending price channel, with critical resistance at $2.50 and support near $2.30. Meanwhile, MicroStrategy is expected to be added to the Nasdaq 100, following a significant stock surge and a massive Bitcoin purchase. Bitcoin miners have reached a milestone, earning $71 billion, coinciding with Bitcoin's price surpassing $100,000 for the first time.
MicroStrategy (MSTR) is set to join the Nasdaq 100 on December 23, with an announcement expected soon. This inclusion will position the software company, which has invested $25 billion in Bitcoin since 2020, among the top 100 stocks by market capitalization, potentially attracting significant institutional capital.The company currently holds nearly 425,000 BTC valued at over $42 billion, resulting in substantial unrealized profits. Analysts predict that MSTR could also be added to the S&P 500 by 2025, further enhancing its market presence.
Homebuilders are struggling with profit margins as high interest rates impact the housing market, contrasting with the expanding margins seen in the S&P 500. Toll Brothers reported a first-quarter gross margin of 26.3%, falling short of expectations, contributing to a decline in homebuilder stocks. The broader market also faced losses, with the S&P 500 and Nasdaq 100 both down, while Walgreens Boots Alliance surged on acquisition rumors.
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