Strategy dips on bad MSCI World Index news
Photo: Protos
Strategy’s stock price dipped 4% in after-hours trading yesterday as traders speculated about its removal from the MSCI World Index. The stock indexation giant announced on Thursday that it will adopt rules removing “non-operating companies” from its Global Investable Market Indexes, including its MSCI World Index that benefits from substantial, passive investment inflows. Strategy is the biggest name those rules could remove, and the company’s MSTR common stock immediately traded 4% lower within 20 minutes of the closing bell after news of the rule change disseminated.
Source: Protos
