Microsoft Drops, JetBlue Falls, Strategy Falls After Selling $216 Million of Bitcoin

On this episode of Stock Movers:
-Microsoft (MSFT) shares fall. Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division.
-JetBlue Airways (JBLU) shares fall after Raymond James downgraded the company to underperform from market perform. Savanthi Syth sees “limited upside” in the stock following recent strength, with the stock up more than 30% off a June low.
-Strategy (MSTR) shares fall. Michael Saylor’s Strategy Inc. sold $216 million of Bitcoin last week, marking the first major step in the financing overhaul the company unveiled in recent days.

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