MicroStrategy shares are trading lower after the company recently announced pricing of its offering of convertible senior notes. The stock may also be down amid pre-planned sales by Executive Chairman Michael Saylor.
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy's stock price has declined following the announcement of its convertible senior notes offering pricing.
March 18, 2024 | 4:00 pm
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MicroStrategy's announcement of its convertible senior notes offering pricing has led to a decrease in its stock price.
Convertible senior notes offerings can dilute existing shareholders and often lead to a negative reaction in the stock price. The announcement of the pricing details confirms the offering's terms, which may not have met investor expectations, leading to a decrease in stock price.
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