MicroStrategy, Palantir added to Nasdaq 100, with Moderna facing an exit

Quick Summary:

NEW YORK: MicroStrategy Inc, the dot-com-era software maker whose metamorphosis into a leveraged bet on bitcoin has transfixed Wall Street, is joining the Nasdaq 100 Index, the benchmark’s overseer says.

MicroStrategy posted a third consecutive quarterly loss after taking an impairment charge against the value of its roughly US$18bil stockpile of the cryptocurrency.

There is no minimum market capitalisation requirement to be eligible for inclusion, but stocks must have an average daily trading volume of at least 200,000 shares, among other criteria.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: /Business/Business News Nasdaq 100 Palantir MicroStrategy Markets Moderna

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 00:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © The Star

News ID: 24422326

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