Stock Track | Defiance MSTR Leveraged ETF Plunges After MicroStrategy Earnings Debacle

Stock Track

Oct 31, 2024

The Defiance Daily Target 1.75X Long MSTR ETF (MSTX), a leveraged exchange-traded fund that tracks the performance of MicroStrategy stock with 1.75x daily leverage, plummeted in pre-market and after-hours trading on Tuesday, October 30th, following MicroStrategy's (MSTR) disappointing Q3 2024 earnings report.

MicroStrategy reported a quarterly loss of $1.56 per share, significantly wider than analyst consensus estimates of a $0.14 loss. The company's revenue of $116.1 million also missed expectations of $122.7 million, reflecting challenges in its core business. As a leveraged ETF, MSTX amplifies the movements of the underlying MSTR stock, leading to a sharp decline in response to MicroStrategy's earnings miss.

Investor concerns about MicroStrategy's earnings had already weighed on MSTX in pre-market trading, with the ETF experiencing a plunge of around 9.51% before the earnings release. The disappointing results further exacerbated the sell-off, with MSTX plunging by over 13% in after-hours trading.

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The company's revenue of $116.1 million also missed expectations of $122.7 million, reflecting challenges in its core business. As a leveraged ETF, MSTX amplifies the movements of the underlying MSTR stock, leading to a sharp decline in response to MicroStrategy's earnings miss.</p>\n\n<p>Investor concerns about MicroStrategy's earnings had already weighed on MSTX in pre-market trading, with the ETF experiencing a plunge of around 9.51% before the earnings release. 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The company's revenue of $116.1 million also missed expectations of $122","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTX":"2倍做多MSTR ETF-Defiance"},"translate_title":"MicroStrategy盈利崩溃后股票追踪Defiance MSTR杠杆ETF暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTX":1},"content_text":"The Defiance Daily Target 1.75X Long MSTR ETF (MSTX), a leveraged exchange-traded fund that tracks the performance of MicroStrategy stock with 1.75x daily leverage, plummeted in pre-market and after-hours trading on Tuesday, October 30th, following MicroStrategy's (MSTR) disappointing Q3 2024 earnings report.\nMicroStrategy reported a quarterly loss of $1.56 per share, significantly wider than analyst consensus estimates of a $0.14 loss. The company's revenue of $116.1 million also missed expectations of $122.7 million, reflecting challenges in its core business. 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