Strategy (MSTR) Shares Fall 5.18% Following MSCI Removal
Strategy shares declined during US trading hours on Thursday following reports of an index removal and potential forced selling.
Strategy (MSTR) shares dropped 5.18% to trade at $108.48 during Thursday's session, moving down from a previous close of $114.41 as markets remained open at 15:37 UTC.
During the trading day, the stock recorded a range between $108.25 and $112.63, accompanied by a trading volume of 7,090,883 shares. Over the past 52 weeks, Strategy has traded between a low of $81.81 and a high of $213.83.
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Key facts
- Price: $108.48, down 5.18% on the day.
- Trading Range: $108.25 to $112.63.
- Volume: 7,090,883 shares.
- 52-Week Range: $81.81 to $213.83.
- Previous Close: $114.41.
According to reports from tikr.com citing JPMorgan, MSCI is dropping Strategy from its indexes, which could result in billions of dollars in forced selling. Meanwhile, other reports note that Europe's largest asset manager has increased its exposure to the firm despite the index setback, while JPMorgan Chase has separately increased its crypto exposure.
Source: bullishmarketcap.com
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