MSTR Stock Bounces Back from 14-Month Low as Bitcoin Recovers; HOOD and BMNR Stabilize Following Nearly 10% Decline

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 6d ago

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Should l Buy ?

Source: stocktwits

Market Movements: MSTR's stock rose 1.66% after hours following a session loss of nearly 7%, while shares of Robinhood and Bitmine also recovered after dropping nearly 10% during regular trading.
Bitcoin Recovery: Bitcoin's price rebounded towards $79,000, with MSTR tracking a recovery after a significant drop, and retail sentiment around Bitcoin improved from bearish to neutral.
Institutional Investments: Cathie Wood's ARK Invest purchased nearly 365,000 shares of its flagship ARK Innovation ETF, indicating strong institutional interest despite recent market volatility.
Stock Performance: Stocks like HOOOD and BMNR saw gains after suffering losses during the session, with retail sentiment around BMNR remaining in bearish territory despite some recovery in chat sentiment.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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