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Why CrowdStrike Stock Was Falling Today

TheMotleyFool

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Why CrowdStrike Stock Was Falling TodayPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of CrowdStrike Holdings (NASDAQ: CRWD) were sliding today as the cybersecurity-focused software-as-a-service (SaaS) company fell along with the crash in tech stocks.

There was no company-specific news out on the SaaS stock, but its high valuation made it a target as investors rotated into safer stocks.

The stock closed down 6.1% today.

Source Fool.com

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