Stock Track | Defiance MSTR Leveraged ETF Plunges on MicroStrategy Earnings Concerns

Stock Track

Oct 30, 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, experienced a significant pre-market plunge of 9.51% on Tuesday, October 30th.

The sharp decline in MSTX's price can be attributed to growing investor concerns and bearish sentiment surrounding MicroStrategy's (MSTR) highly anticipated third-quarter earnings report, scheduled for release after the market close.

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 potentially 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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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":"1185207221","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185207221","pubTimestamp":1730295990,"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 , a leveraged exchange-traded fund that tracks the performance of MicroStrategy stock with 1.75x daily leverage, experienced a significant pre-market plunge of 9.51% on Tuesday, October 30th.The sharp decline in MSTX's price can be attributed to growing investor concerns and bearish sentiment surrounding MicroStrategy's  highly anticipated third-quarter earnings report, scheduled for release after the market close.According to consensus estimates, an","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTX":"2倍做多MSTR ETF-Defiance"},"translate_title":"股票追踪Defiance MSTR杠杆ETF因MicroStrategy盈利担忧而暴跌","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, experienced a significant pre-market plunge of 9.51% on Tuesday, October 30th.\nThe sharp decline in MSTX's price can be attributed to growing investor concerns and bearish sentiment surrounding MicroStrategy's (MSTR) highly anticipated third-quarter earnings report, scheduled for release after the market close.\nAccording 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 potentially disappoint investors. 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