US Market Movers & Shakers in Feb: MSTR, ARM, LI, CELH and More
$MicroStrategy(MSTR.US$'s HODL strategy is continuing to reward investors. The company said on Monday that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion.
Michael Saylor, the company's chairman and ex-CEO and one of the cryptocurrency's principal evangelists, touted the latest purchase in a post on X, noting that MicroStrategy's average purchase price over time is $31,544.
MicroStrategy shares surged over 100% in February.
$Arm Holdings(ARM.US$ shares have been trading 99.56% higher since the company reported its own quarterly results earlier in February.
Arm beat analyst estimates on the top and bottom line and issued strong guidance. The company said it had room to increase prices on some of its product offerings and noted that it planned to expand into new markets due to AI demand.
$Li Auto(LI.US$ prepares to debut its first all-electric vehicle. Li Auto stock broke out Tuesday as investors cheered improving margins and solid delivery outlook, with new EVs due.
On Monday, Li Auto delivered strong earnings and delivery guidance. It also reported that gross margins and vehicles margins expanded in Q4, amid a Tesla-led price war in China last year.
Here are the top stock gainers and losers of February 2024.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Official Account
Chasing hot stocks
41KFollowers
15Following
34KVisitors
Follow