Shares up 6.5% premarket (Il Sole 24 Ore Radiocor) - New York, 11 Jul - Shares in MicroStrategy jumped in premarket trade after the software company announced a 10-for-1 stock split.

"MicroStrategy... today announced that its board of directors has declared a 10-for-1 stock split of MicroStrategy's class A common stock and class B common stock to make MicroStrategy's stock more accessible to investors and employees," the company said in a statement.

The stock split will be effected by means of a stock dividend to the holders of record of MicroStrategy's class A common stock and class B common stock as of the close of business on August 1, 2024, it said.

At 1314 GMT MicroStrategy shares were up 6.5%.

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(RADIOCOR) 11-07-24 15:15:39 (0447) 5 NNNN