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

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

^{Published on 2024-12-16 12:01:16 - MSN}

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 ]

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