Get the scoop on CrowdStrike's rollercoaster ride in the stock market amidst global IT outage!
CrowdStrike Holdings (CRWD) faced a tumultuous day in the stock market as shares plummeted following a widespread IT outage caused by a software update. Despite the chaos, two analysts saw an opportunity and suggested buying CrowdStrike shares on the dip. The S&P 500, Dow, and Nasdaq also experienced a decline due to CrowdStrike's mishap. The cybersecurity company witnessed a 15% drop in its stock valueโa rough day compared to its recent performance.
As panic spread, CrowdStrike's stock took a significant hit in premarket trading, plunging 20% after the major outage. However, amidst the chaos, shorts betting against CrowdStrike emerged as the "big winners" in this stock market turmoil. Despite the setback, CrowdStrike's stock is showing signs of rebounding after the outage, bringing hope to investors.
The cybersecurity firm's software update not only caused financial disturbances but also impacted businesses globally, including technology across airlines and Microsoft 365 computers. Amidst the chaos, Microsoft's stock price remained unaffected, highlighting the interconnected nature of the tech industry. Despite the challenges, CrowdStrike continues to navigate its way through the aftermath of the outage, hoping for a steady recovery in the stock market.
Shares in CrowdStrike Holdings (CRWD) plunged Friday in the wake of a widespread IT outage caused by the cybersecurity firm's software update while rivals ...
Two analysts suggested buying CrowdStrike shares on the dip sparked by a software update that caused broad outages.
U.S. stocks end lower without interruption despite a global IT outage. Crowdstrike, which caused the outage, saw its shares tumble.
Shares of cybersecurity company CrowdStrike Holdings faltered Friday after the firm's software update caused global outages in technology across airlines, ...
CrowdStrike (CRWD -11.10%) stock is plummeting in Friday's trading. The cybersecurity specialist's share price was down 8.5% as of 11 a.m. ET, according to data ...
Cybersecurity firm CrowdStrike saw its shares plunge Friday in premarket trading, after an update led to a major outage, impacting businesses globally.
CrowdStrike shorts were the "big winners" after the cybersecurity company caused a global outage, sending its stock lower, according to S3 Partners.
CrowdStrike stock (CRWD) price drops after security outage that affected Microsoft 365 computers, with Microsoft (MSFT) share price unaffected.
By Emily Bary. Two analysts suggested buying CrowdStrike shares on the dip sparked by a software update that caused broad outages.
CrowdStrike Holdings Inc.'s stock is down sharply Friday after a worldwide computer outage was pinned on the cybersecurity company, although the stock has.