Strategy’s STRC Returns to $100 After the Regular Session

Strategy’s perpetual preferred stock STRC returned to $100 in after-hours trading Wednesday after closing regular trading at $99.98, following its first move above the mark since May.

STRC rose above $100 during Wednesday’s regular session, then fell below that level before the close. At 7:11 p.m. ET Wednesday (00:11 UTC Nov. 5), it was at $100 in after-hours trading, up 0.02%.

The $100 level is STRC’s stated amount. Strategy can adjust its dividend rate monthly to support trading near that price. STRC had last reached $99.95 before Strategy’s third-quarter earnings call, its first time at that price in more than 165 days, as covered earlier.