Why CrowdStrike Stock Jumped 22.5% in January
Shares of CrowdStrike Holdings (NASDAQ: CRWD) rose 22.5% in January, according to data from S&P Global Market Intelligence. The stock climbed early in the month following heightened tensions between the U.S. and Iran, and it continued to climb after the company presented at the Needham Growth Conference and published a new threat-assessment report.
The U.S. military conducted a drone strike on an airport in Baghdad on Jan. 3 that killed top Iranian general Qassim Suleimani, and CrowdStrike's shares advanced amid the prospects of elevated cyberwarfare between the two countries. CrowdStrike then gave a presentation at the Needham conference and published new research on Jan. 14 showing a variety of rising threats, which also corresponded to gains for the stock.
Source Fool.com