Why CrowdStrike Stock Surged on Monday
Shares of CrowdStrike (NASDAQ: CRWD) were trading higher on Monday. The cloud-based endpoint security specialist jumped as much as 9.9% in early trading and was still up 9.1% as of 11:58 a.m. ET.
The catalyst that sent the cybersecurity stock higher was the announcement it would be joining one of the major trading indexes.
A statement released after the market close on Friday revealed that CrowdStrike would be joining the S 500. The stock will be replacing Robert Half when the market opens on Monday, June 24. In a press release marking the change, S Global noted, "The changes ensure each index is more representative of its market capitalization range."
Source Fool.com
CrowdStrike Holdings Inc Stock
€192.50
-0.070%
The stock is one of the favorites of our community with 99 Buy predictions and 1 Sell predictions.
As a result the target price of 196 € shows a slightly positive potential of 1.82% compared to the current price of 192.5 € for CrowdStrike Holdings Inc.
