Largest Negative One-Day Changes for MSTR

How does MSTR usually behave after a large single-day down move in the stock price?

Using the 12 largest single-day down moves over the last 3 years in MSTR stock, the average move was -13.1% with the single largest daily move of -21.2% occurring on 5-Mar-2024. The following day, MSTR stock price averaged +5.1% gains, with up moves more frequent than down moves. The stock was up 58% of the time in that period one day after these significant moves. Earnings dates have been excluded from this analysis.

Catalysts

5 of the moves coincided with a company-issued press release.

1 Week After

The following week, MSTR stock price averaged +11.3% gains, with up moves more frequent than down moves across 12 observations. The stock was up 75% of the time in that period one week following these significant moves.

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Stock Price Performance - 12 Largest Negative One-Day Changes
		Before Event Date (Not Including Day of Selected Event)					Day of Event					After Event Date (Not Including Day of Selected Event)					Custom Range▾
Date	Note	2 Weeks	1 Week	3 Days	2 Days	1 Day	Day-Of Move	Opening Gap	% Open-to-High	% Open-to-Low	Drift Open-to-Close	1 Day	2 Days	3 Days	1 Week	2 Weeks	2 Days Before to 2 Days After
19-Nov-2025 [Stock -9.8%]	Headlines Bitcoin slides below $90K for the first time in seven months (18-Nov-2025, 12:00 AM Seeking Alpha News) Bitcoin briefly slides below $90K for the first time in seven months (18-Nov-2025, 12:00 AM Seeking Alpha News) El Salvador adds over 1K bitcoin to reserves during price slump (18-Nov-2025, 12:00 AM Seeking Alpha News) Bitcoin prices gain ground as several investors buy the dip (18-Nov-2025, 12:00 AM Seeking Alpha News) Bitcoin resumes slide after brief bounce, falling back to below $90K (19-Nov-2025, 12:00 AM Seeking Alpha News)						-9.8%
8-Apr-2025 [Stock -11.3%]	Press Releases INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Strategy Incorporated (f/k/a MicroStrategy Incorporated) - MSTR (7-Apr-2025, 5:13 PM Globe Newswire) Strategy Forecasts $6 Billion Q1 Loss On Bitcoin Holdings (8-Apr-2025, 10:36 AM Yolowire) Headlines Bitcoin breaks below $75,000 as crypto’s Trump rally fades amid tariff turmoil (7-Apr-2025, 12:00 AM Seeking Alpha News) Biggest stock movers Monday: Magnificent seven, crypto stocks, and more (7-Apr-2025, 12:00 AM Seeking Alpha News) Strategy sees Q1 net loss after $5.91B unrealized loss on digital assets (7-Apr-2025, 12:00 AM Seeking Alpha News) Biggest stock movers Monday: Magnificent seven, crypto stocks, U.S.-listed Chinese stocks, and more (7-Apr-2025, 12:00 AM Seeking Alpha News) Schwab Trading Activity Index slides in March, along with stocks (7-Apr-2025, 12:00 AM Seeking Alpha News) Dow and S&P ended lower while Nasdaq edged up after a day of whipsawing (7-Apr-2025, 12:00 AM Seeking Alpha News) Bitcoin resumes slide as U.S. equities waver sharply (8-Apr-2025, 12:00 AM Seeking Alpha News)						-11.3%
28-Mar-2025 [Stock -10.8%]	Large Market LossSPY had a large loss on the day of -2.0%						-10.8%
10-Mar-2025 [Stock -16.7%]	Large Market LossSPY had a large loss on the day of -2.7%						-16.7%
25-Feb-2025 [Stock -11.4%]	Press Release Strategy Completes $2 Billion Offering of 0% Convertible Senior Notes Due 2030 (24-Feb-2025, 7:30 AM Business Wire) Headlines Rezolve Ai unveils $1B bitcoin treasury to support launch of crypto payment platform (24-Feb-2025, 12:00 AM Seeking Alpha News) Strategy completes $2B offering of convertible senior notes (24-Feb-2025, 12:00 AM Seeking Alpha News) Strategy buys 20.4K bitcoin last week (24-Feb-2025, 12:00 AM Seeking Alpha News) Bitcoin breaks below $90,000 as crypto selloff deepens (25-Feb-2025, 12:00 AM Seeking Alpha News) Biggest stock movers Tuesday: Crypto stocks, HIMS, ZM, and more (25-Feb-2025, 12:00 AM Seeking Alpha News) Biggest stock movers Tuesday: Crypto stocks, LLY, HIMS, ZM, and more (25-Feb-2025, 12:00 AM Seeking Alpha News) Bitcoin breaks below $90,000, crypto-linked stocks lose ground as selloff deepens (25-Feb-2025, 12:00 AM Seeking Alpha News) QQQ drops more than 5% off its all-time high; See the worst performing stocks inside (25-Feb-2025, 12:00 AM Seeking Alpha News)						-11.4%
7-Jan-2025 [Stock -9.9%]	Headlines Vivek Ramaswamy's Strive files for bitcoin bond ETF, focusing on MicroStrategy (6-Jan-2025, 12:00 AM Seeking Alpha News) MicroStrategy's bitcoin binge hits nine weeks – adds another $101M (6-Jan-2025, 12:00 AM Seeking Alpha News) MicroStrategy adds $101M in bitcoin, but weekly buying pace slows (6-Jan-2025, 12:00 AM Seeking Alpha News) Bitcoin reclaims $100K level in wake of broad risk-on day (6-Jan-2025, 12:00 AM Seeking Alpha News) Schwab Trading Activity Index gains for third straight month (6-Jan-2025, 12:00 AM Seeking Alpha News) Bitcoin set to double by year-end as 'Infinity Age' of crypto begins - Bernstein (7-Jan-2025, 12:00 AM Seeking Alpha News)						-9.9%
26-Nov-2024 [Stock -12.3%]	Headlines MicroStrategy buys more bitcoin; Wall Street ratchets up its price targets (25-Nov-2024, 12:00 AM Seeking Alpha News) Dow, S&P, and Nasdaq advance while yields slide at the start of the holiday shortened week (25-Nov-2024, 12:00 AM Seeking Alpha News) Dow, S&P, and Nasdaq advance while yields slide to start the holiday shortened week (25-Nov-2024, 12:00 AM Seeking Alpha News) Dow, S&P, and Nasdaq ended higher to start the holiday shortened trading week (25-Nov-2024, 12:00 AM Seeking Alpha News) Bitcoin drifts down toward $90K; can it hit $100K by year-end? (26-Nov-2024, 12:00 AM Seeking Alpha News)						-12.3%
21-Nov-2024 [Stock -16.2%]	Press Releases MicroStrategy Announces Pricing of Offering of 0% Convertible Senior Notes (20-Nov-2024, 8:00 AM Business Wire) MicroStrategy Completes $3,000,000,000 Offering of 0% Convertible Senior Notes Due 2029 (21-Nov-2024, 4:00 PM Business Wire) Headlines MicroStrategy prices upsized offering of $2.6B convertible debt (20-Nov-2024, 12:00 AM Seeking Alpha News) Bitcoin scales another all-time high in wake of IBIT options debut (20-Nov-2024, 12:00 AM Seeking Alpha News) MicroStrategy's bitcoin-buying plan praised by BTIG amid crypto bull run (20-Nov-2024, 12:00 AM Seeking Alpha News) Bitcoin tops the $97,000 level: A closer look at financial conditions (21-Nov-2024, 12:00 AM Seeking Alpha News) Biggest stock movers Thursday: NVDA, crypto stocks, and more (21-Nov-2024, 12:00 AM Seeking Alpha News) SA Sentiment: Should the U.S. create a Strategic Bitcoin Reserve? (21-Nov-2024, 12:00 AM Seeking Alpha News) Galaxy CEO: There will be a correction in Bitcoin, but $100k is ‘Inevitable’ (21-Nov-2024, 12:00 AM Seeking Alpha News)						-16.2%
5-Apr-2024 [Stock -10.9%]							-10.9%
28-Mar-2024 [Stock -11.2%]							-11.2%
18-Mar-2024 [Stock -15.7%]	Press Releases Crypto Exchange Coinbase Plans $1 Billion Bond Sale (15-Mar-2024, 3:30 AM Yolowire) Crypto Exchange Coinbase Plans $1 Billion Bond Sale (15-Mar-2024, 4:00 AM Yolowire) MicroStrategy Announces Pricing of Offering of Convertible Senior Notes (15-Mar-2024, 8:00 AM Business Wire)						-15.7%
5-Mar-2024 [Stock -21.2%]	Press Releases MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes (4-Mar-2024, 4:01 PM Business Wire) MicroStrategy Raises Capital To Buy More Bitcoin (5-Mar-2024, 10:05 AM Yolowire)						-21.2%
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Median, Minimum, and Maximum Returns - 12 Largest Negative One-Day Changes
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