BREAKING: Strategy CFO Andrew Kang, Director Jarrod Patten on MSTR Stock Selling Spree
Strategy CFO Andrew Kang Sells MSTR Stock. On the other hand, Strategy director Jarrod Patten has sold massive shareholdings in the last few months. MicroStrategy share dilution, lower analyst forecasts, and a massive correction in the US stock market amid the US-Iran war have turned investors cautious. Director Jarrod M. Patten sold 5,250 MSTR stocks in the last few days. Following the reported transactions, Pattens direct ownership in Class A Common Stock stands at 28,000 shares. In addition, he holds various Series A Perpetual Preferred stocks. Shares Falling amid Bitcoin Selling Pressure MSTR stock price closed 0.58% lower at $164.85 on Thursday amid a broader sell-off in US stock and crypto markets. The intraday low and high were $162.40 and $168.71, respectively. Trading volume was also below the average volume of 18 million. In premarket trading today, MSTR stock is trading 0.20% lower at $164.20. The stock has erased more than 9% in a week. MicroStrategy stock is up 5% year-to-date but down almost 58% over the past year. Analysts from TD Cowen retained a buy rating and raised price target to $400 for MSTR stock. Also, Bernstein analyst Gautam Chhugani has set a 12-month price target of $450. Bitcoin is trading at $77,384, with a