Shares of MicroStrategy (MSTR) are climbing as bitcoin (BTC-USD) has surpassed the benchmark of $30,000 and continues to climb. Microstrategy is one of the largest corporate holders of bitcoin, with over 158,00 BTC.
On Friday, October 20, Okta (OKTA) announced it was hit with a data breach by hackers who were able to view certain files uploaded by customers. The stock has shed more than 19% of its value in the past 5 days as sentiment for the company remains low after the announcement.
Morgan Stanley (MS) has traded at its lowest levels since 2021 after Odeon Capital’s Richard Bove cut his rating of the company, citing leadership uncertainty. Morgan Stanley CEO James Gorman claims he will retire in 2024 but there is currently no official replacement.
Yahoo Finance Anchors Julie Hyman and Josh Lipton break down how the market is reacting to this news and what investors need to keep in mind going forward.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
