According to ChainCatcher, analysts explained the recent stock price movement of MicroStrategy (MSTR) through Soros' reflexivity theory, which holds that there is a two-way interaction between investor expectations and prices.
MicroStrategy shares have continued to fall since being added to the Nasdaq 100, down nearly 45% from their all-time highs. Analysts point to multiple market signals suggesting that MSTR may have formed a short-term top.
Despite the recent sharp pullback, MSTR's long-term performance remains impressive. It is up more than 400% so far this year and has risen 20 times since August 2020. Most analysts believe that MSTR has ended up rising after many pullbacks in the past.