Strategy Shares Jump 7.1% After Board Expands Buyback Capacity
Strategy shares rose 7.1% in afternoon trading after the board increased securities buyback capacity to $3 billion and analysts raised price targets.
Shares of bitcoin development company Strategy (NASDAQ:MSTR) rose 7.1% in the afternoon session after its board increased the company's securities buyback capacity to $3 billion. Analysts also raised their price targets. The board increased Strategy's securities buyback capacity to $3 billion.