Why CrowdStrike Stock Jumped 10% Last Month
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
