Strategy Halts STRC ATM Program After Preferred Shares Fall to $82.50 Intraday

Strategy halted its at-the-market (ATM) offering program for STRC after the preferred stock showed continued weakness. According to NS3.AI, STRC dropped to an intraday low of $82.50 before closing at $88.59. TD Cowen maintained its buy rating on Strategy’s common stock and preferred shares.