Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Strategy Inc. (MSTR) are falling as analysts cut their price targets on the Bitcoin treasury company amid declining Bitcoin prices and as the Michael Saylor-led crypto company unveiled a sweeping overhaul of the financing model underpinning its Bitcoin strategy, giving itself broader powers to sell the cryptocurrency, buy back securities and preserve liquidity as it adapts to mounting pressure on the structure that fueled years of aggressive accumulation.
- Shares of Air Products (APD) gained by the most since 2020, after the company said it will not proceed with the Louisiana Clean Energy Complex project and will record a pre-tax charge that’s not expected to exceed $2.9 billion in fiscal third-quarter.
- Chip stocks are on pace for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the stocks tumbling, investors are wondering how much further the rally can go.