Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC – Get Free Report) announced a dividend on Tuesday, October 20th. Investors of record on Monday, November 30th will be given a dividend of $0.04 per share on Tuesday, December 1st. The ex-dividend date of this dividend is Monday, November 30th. This is a 33.3% increase from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous dividend of $0.03.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Performance
NASDAQ STRC traded up $0.45 on Wednesday, reaching $99.16. The stock had a trading volume of 479,804 shares, compared to its average volume of 2,327,760. The stock’s fifty day moving average is $97.93. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 1-year low of $71.25 and a 1-year high of $100.42. The stock has a market capitalization of $2.57 billion, a P/E ratio of -22.04 and a beta of 3.25.
Insider Activity
In related news, Director Jarrod Patten sold 1,350 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $156.16, for a total value of $210,816.00. Following the transaction, the director directly owned 28,406 shares in the company, valued at approximately $4,435,880.96. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 14,100 shares of company stock valued at $1,815,669 over the last three months. Insiders own 18.30% of the company’s stock.
Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
A hedge fund recently bought a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. acquired a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,525 shares of the company’s stock, valued at approximately $214,000. 26.02% of the stock is owned by hedge funds and other institutional investors.
Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile
Strategy Inc, formerly known as MicroStrategy Incorporated, develops enterprise analytics and business intelligence software. Its platform is designed to help organizations access, analyze, visualize and distribute data for reporting, decision-making and operational oversight. The company serves business customers across a range of industries and supports deployments through cloud-based and other enterprise delivery models.
Strategy has also established a significant digital asset treasury strategy centered on bitcoin.
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