Strategy shares fell 4%, according to MSX.COM data, after MSCI warned that the company could be removed from its global indexes. Reuters reported that MSCI has decided to exclude companies that meet its criteria for non-operating businesses from the MSCI Global Investable Market Indexes. Strategy was included on the list of potential deletions. MSCI is scheduled to publish the final list on Nov. 11, and the changes will take effect after the market close on Nov. 30. The move puts Strategy under index review at a time when investors are watching how benchmark providers classify companies that fall outside conventional operating-business standards.
Strategy shares fell 4%, according to data from MSX.COM.
Earlier, MSCI warned that Strategy could be removed from its global indexes. Reuters reported that MSCI has decided to exclude companies that meet its definition of non-operating businesses from the MSCI Global Investable Market Indexes, and Strategy was placed on the list of potential deletions.
MSCI will publish the final list on Nov. 11. The index changes will take effect after the close on Nov. 30.
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