Strategy Preferred Stock STRC Closes at $89, Down 11% from Par Value on Wednesday

According to The Block, Strategy's preferred stock STRC closed at $89 on Wednesday (June 18), down 11% from its $100 par value and marking its lowest closing price since listing. The stock touched an intraday low of $88.50. STRC currently yields 12.9% and is designed to maintain a stable price around par through monthly rate adjustments. Trading volume reached $417.5 million.
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