Bitcoin’s Black November Drags MicroStrategy Stock To 52-Week Lows — Oversold Or More Pain Ahead?

MicroStrategy Inc (NASDAQ:MSTR) didn’t just follow Bitcoin (CRYPTO: BTC) lower this month — it got dragged behind the pickup truck. After a violent November crypto spill, the stock skidded to $168.11, its lowest level in a year, erasing months of build-up in a matter of weeks. If Bitcoin had a “Black November,” MicroStrategy lived through a full-blown horror sequel.

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The YTD scorecard looks equally bruised, with the stock shedding roughly 41% in just the past month and more than 55% over the past year. That’s not beta; that’s whiplash.

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Full story available on Benzinga.com