Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Declares Dividend of $0.04

Key Points

• STRC declared a $0.04-per-share dividend, payable December 1 to shareholders of record on November 30; the ex-dividend date is also November 30.
• Shares opened at $99.17, with a $2.57 billion market capitalization, a 12-month trading range of $71.25 to $100.42, and a beta of 3.25.
• Insiders have sold 10,200 shares worth approximately $1.44 million over the past 90 days, while institutional investors and hedge funds own 26.02% of the stock.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) declared a dividend on Monday, October 26th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.04 per share on Tuesday, December 1st. The ex-dividend date of this dividend is Monday, November 30th.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Price Performance

Shares of NASDAQ:STRC opened at $99.17 on Tuesday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -22.04 and a beta of 3.25. The stock's 50-day simple moving average is $98.10. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a twelve month low of $71.25 and a twelve month high of $100.42.

Insider Activity at Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

In related news, Director Jarrod Patten sold 1,350 shares of the company's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $156.16, for a total transaction of $210,816.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 10,200 shares of company stock worth $1,443,356. Corporate insiders own 18.30% of the company's stock.

Institutional Investors Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor recently bought a new stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Sterling Investment Advisors Ltd. purchased a new position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,525 shares of the company's stock, valued at approximately $214,000. 26.02% of the stock is owned by institutional investors and hedge funds.

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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