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 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 $0.47 during trading hours on Wednesday, hitting $99.17. The company’s stock had a trading volume of 649,240 shares, compared to its average volume of 2,328,602. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 12 month low of $71.25 and a 12 month high of $100.42. The stock has a 50 day moving average price of $97.93. The company has a market capitalization of $2.57 billion, a P/E ratio of -22.04 and a beta of 3.25.
Insider Activity
In other news, Director Jarrod Patten sold 1,350 shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $156.16, for a total value of $210,816.00. Following the completion of the sale, the director directly owned 28,406 shares in the company, valued at $4,435,880.96. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 14,100 shares of company stock worth $1,815,669. Company insiders own 18.30% of the company’s stock.
Institutional Inflows and Outflows
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 stake in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,525 shares of the company’s stock, valued at approximately $214,000. Institutional investors and hedge funds own 26.02% of the company’s stock.
About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock
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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