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Strategy (NASDAQ: MSTR) Preferred Stock Plunges Below Par as Bitcoin-Linked Dividend Concerns Mount

Strategy’s preferred stock (NASDAQ: STRC) extended its decline on June 16, settling at $91.79, a level not seen since its 2025 debut. The stock, structured to trade near its $100 par value, has struggled to recover after falling below that mark on its June …

Nitish Kishor | 17 June 2026

Strategy (NASDAQ: MSTR) Preferred Stock Plunges Below Par as Bitcoin Link Sparks Dividend Doubts

The stock, introduced in 2025, has struggled to recover since its May 15 ex-dividend date, when it last traded at par. The persistent discount reflects broader concerns about the sustainability of its 11.50% yield, one of the highest among publicly traded securities. Strategy’s holdings …

Nitish Kishor | 17 June 2026

Super Micro (NASDAQ: SMCI) Announces $7 Billion Capital Raise, Shareholder Dilution in Focus

The arrangement involves $5 billion from equity offerings and $2 billion through an at-the-market mechanism. The company has indicated the funds will support its business expansion, though the specifics of allocation remain under discussion. With $5 billion tied to equity offerings and $2 billion …

Nitish Kishor | 17 June 2026

SpaceX (NASDAQ: SPCX) Surges Past $190 as Investors Weigh Volatility, Lockup Risks

A 20% surge the following session pushed the stock to $192.50, propelling the company into the top five by market capitalization. Analysts warn that early gains may not signal long-term stability, particularly as the stock’s inclusion in the Nasdaq index approaches. Insiders, including pre-IPO …

Nitish Kishor | 17 June 2026

SpaceX Options Surge as Retail Traders Chase 80% Overnight Gains in Unprecedented Bet

The activity has drawn attention for its sheer velocity, with traders leveraging derivatives to amplify potential returns. Veteran market participants describe the phenomenon as unlike anything they’ve observed before. The bets appear driven by conviction in SpaceX’s ambitious projects, though the short-term nature of …

Nitish Kishor | 17 June 2026

Renaissance Investment Dumps Gartner (NYSE: IT) on Weak Demand, AI Disruption Fears

The decision came as Gartner’s shares extended a 63.78% decline over the past year, underperforming broader market benchmarks. The move underscores growing skepticism about the company’s ability to sustain growth in an environment where enterprises are rethinking technology investments. While Renaissance initially expected AI …

Nitish Kishor | 17 June 2026

Rivian Cuts Workforce by 2% as Part of Strategic Move

The cuts target non-core functions, particularly in sales and marketing. The model is designed to compete in the mid-size SUV segment. The company has faced pressure to demonstrate a clear route to financial sustainability.

Nitish Kishor | 17 June 2026

Robinhood (NASDAQ: HOOD) Cuts 10% of Workforce as Analysts Trim Price Targets

The move reflects ongoing adjustments within the financial services sector, where firms are recalibrating costs amid evolving market dynamics. The company, headquartered in Menlo Park, California, operates a digital brokerage platform facilitating stock, options, futures, and cryptocurrency trading. The revision follows the company’s latest …

Nitish Kishor | 17 June 2026

Semiconductor Pullback Halts Tech Rally as Financials, Utilities Gain Ground

Equity markets took a breather midweek as technology stocks reversed course. The semiconductor-heavy segment, which had driven recent gains, fell 2.8%, erasing earlier momentum. The decline followed three sessions of strong returns, suggesting profit-taking rather than a broader trend shift.

Nitish Kishor | 17 June 2026

S&P 500 Companies Adjust AI Focus Toward Consumer Benefits

Companies in the S&P 500 are redirecting their AI investments to improve how consumers interact with their products. This shift suggests a belief that broader adoption will lead to more stable financial outcomes than early revenue generation. By integrating AI into everyday tools, these …

Nitish Kishor | 17 June 2026
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