Stock Track | Defiance Daily Target 1.75X Long MSTR ETF Plunges in Pre-market on MicroStrategy Earnings Concerns

Stock Track

Oct 30, 2024

The Defiance Daily Target 1.75X Long MSTR ETF (MSTX) experienced a pre-market plunge of 5.08% on Tuesday, October 30th, ahead of MicroStrategy's (MSTR) highly anticipated Q3 earnings report scheduled for after the market close.

As a leveraged ETF that tracks the performance of MicroStrategy stock with 1.75x daily leverage, MSTX's price movements are amplified based on the underlying MSTR stock movements. The pre-market decline likely reflects investor concerns and bearish sentiment surrounding MicroStrategy's Q3 earnings expectations.

According to consensus estimates, analysts expect MicroStrategy to report a quarterly loss of $0.02 per share, which, while an improvement from the previous year, could disappoint investors. Additionally, revenue estimates for the quarter stand at $121.45 million, down 6.2% year-over-year, indicating potential challenges in the company's core business.

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The pre-market decline likely reflects investor concerns and bearish sentiment surrounding MicroStrategy's Q3 earnings expectations.</p>\n\n<p>According to consensus estimates, analysts expect MicroStrategy to report a quarterly loss of $0.02 per share, which, while an improvement from the previous year, could disappoint investors. Additionally, revenue estimates for the quarter stand at $121.45 million, down 6.2% year-over-year, indicating potential challenges in the company's core business.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTX","symbol_name":"2倍做多MSTR ETF-Defiance","start_time":0,"source_url":"","article_id":"1128535205","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128535205","pubTimestamp":1730278825,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The Defiance Daily Target 1.75X Long MSTR ETF  experienced a pre-market plunge of 5.08% on Tuesday, October 30th, ahead of MicroStrategy's  highly anticipated Q3 earnings report scheduled for after the market close.As a leveraged ETF that tracks the performance of MicroStrategy stock with 1.75x daily leverage, MSTX's price movements are amplified based on the underlying MSTR stock movements. 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