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Why CrowdStrike Stock Is Tumbling Today

TheMotleyFool

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Why CrowdStrike Stock Is Tumbling TodayPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

Shares of cybersecurity company CrowdStrike Holdings (NASDAQ: CRWD) were falling today following the Federal Reserve's decision yesterday to hike the federal funds rate by an additional 75 basis points.

The tech stock was down by 5.1% as of 1:58 p.m. ET.

High-growth technology stocks are especially vulnerable to the Fed's decision as an increase in interest rates makes it more expensive for companies to borrow money.

Source Fool.com

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