Strategy Director Buys MSTR For First Time In 3.5 Years—Here’s Why That Matters

Strategy Inc. (NASDAQ:MSTR) director Carl Rickertsen recently broke a 3.5-year pattern of only selling stock, buying 5,000 shares for $779,395 on Monday after the stock crashed 68% from its $543 November peak.

Director Flips From Seller To Buyer After 68% Crash

Rickertsen hadn’t purchased MSTR since June 2022. 

Over the past three and a half years, he filed 19 separate SEC forms showing nothing but stock sales. 

His pattern was predictable: get stock options as compensation, exercise them, sell the shares the same day.

Monday’s purchase marks a complete reversal. He bought at an average price of $155.88—almost perfectly timing the bottom of Monday’s $154.69 to $163.82 trading range.

The timing matters because Rickertsen has been a Strategy board member since 2002 when the company was still called MicroStrategy. 

He’s seen every cycle the company has been through and knows the business intimately.

Why …

Full story available on Benzinga.com