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Why CrowdStrike Stock Jumped 10% Last Month

TheMotleyFool

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Why CrowdStrike Stock Jumped 10% Last MonthPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of CrowdStrike Holdings (NASDAQ: CRWD) jumped 10.8% last month, according to data provided by S&P Global Market Intelligence, after it was announced that the cybersecurity company would be added to the Nasdaq-100 index.

This was taken by investors as a sign that CrowdStrike's growth is paying off, and is an indication that it's a top technology company.

A spot opened up in the exclusive Nasdaq-100 when semiconductor company Analog Devices acquired Maxim Integrated Products. The addition of CrowdStrike to the index was announced on Aug. 23; its share price jumped about 8% on the news.

Source Fool.com

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