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Palantir, MicroStrategy Getting Added to Nasdaq 100. Here's How the Stocks Are Trading.

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Investors are snapping up the three stocks that are set to join the Nasdaq 100 next week. Shares in software developer Palantir Technologies climbed 0.8% Monday. Business intelligence company-turned-Bitcoin buyer MicroStrategy added 2.9%, and Taser ...
The article from MSN discusses the recent addition of Palantir Technologies, MicroStrategy, and Axon Enterprise to the Nasdaq-100 Index, which tracks the performance of the largest non-financial companies listed on the Nasdaq stock exchange. Despite their inclusion in this prestigious index, only one of these stocks, Axon Enterprise, has shown a positive movement in its stock price. Axon, known for its law enforcement technology products like body cameras and Tasers, saw its stock rise by 1.5% following the announcement. Conversely, Palantir, a data analytics company, and MicroStrategy, which has significant holdings in Bitcoin, experienced declines in their stock prices. The article suggests that while being added to the Nasdaq-100 can increase visibility and potentially attract more institutional investors, it does not guarantee immediate positive stock performance, as seen with Palantir and MicroStrategy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/palantir-microstrategy-and-axon-are-joining-the-nasdaq-100-only-1-of-the-stocks-is-rising/ar-AA1vWyRH ]