Shares of MicroStrategy Inc. (NASDAQ: MSTR) tumbled 29.8% in July, according to data provided by S&P Global Market Intelligence, after the enterprise software platform provider reported dismal performance in its second quarter.
MicroStrategy’s share price held within a fairly stable range throughout the entire month until July 27, when the company reported a 41% year-over-year drop in both net income and earnings per share (EPS).
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