CrowdStrike Holdings (CRWD) is currently trading at $301.95 USD as of 13:34:15 GMT-4 on July 19, 2024. This represents an 11.98% decrease from its opening price today. The stock has experienced a turbulent day, with a high of $316.75 and a low of $290.10.
Overall, the stock’s performance has been significantly impacted by the recent global IT outage caused by a faulty CrowdStrike update. This incident has raised concerns about the company’s reliability and potential financial losses, leading to a sell-off by investors.
Crowdstrike Holdings stock performance
CrowdStrike Holdings (CRWD) experienced a significant drop in its stock price following the global IT outage on July 19, 2024.
Stock decline: The stock price fell by over 15% on July 19, 2024, reaching a low of $290.10 during trading hours. This decline represents a significant loss in market value for the company.
Market cap loss: Estimates suggest a potential loss of $16 billion in market capitalization for CRWD, which could represent a fifth of its value.
Recovery: While the stock price has rebounded slightly since the initial drop, it is still trading below its pre-outage levels.
Analyst ratings: Several analysts have downgraded CRWD stock following the incident, citing concerns about the company’s valuation and potential impact on its reputation.
The CrowdStrike outage has had a notable negative impact on the company’s stock performance in the short term. However, the long-term implications for the company’s financial health and market position remain to be seen.