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Why Bitcoin- And Ethereum-Related Stock MicroStrategy Is Down Today

MicroStrategy Incorporated (NASDAQ: MSTR) shares are trading lower by 4.48% to $253.95 Tuesday morning after Jefferies downgraded the stock from Hold to Underperform.
byHenry Khederian
July 26, 2022
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MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading lower by 4.48% to $253.95 Tuesday morning after Jefferies downgraded the stock from Hold to Underperform.

Microstrategy shares are also trading lower amid a recent pullback in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH):

Bitcoin is trading 9.5% lower at around $20,940 over the trailing 5 days.

Ethereum is trading 11.9% lower at around $1,388 over the trailing 5 days.

See Also: So Do You Believe Bitcoin Is Going Above $40K, Ethereum Above $3K And Dogecoin Above 20 Cents By End Of 2022?

According to data from Benzinga Pro, MicroStrategy has a 52-week high of $891.38 and a 52-week low of $134.09.

 
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