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Why CrowdStrike Holdings Stock Sank on a Positive Thursday for the Market
Investors weren't feeling entirely secure about cybersecurity stock CrowdStrike Holdings (NASDAQ: CRWD) on Thursday. Largely on the back of an analyst's recommendation downgrade, they traded out of the company, leaving it with a nearly 1% decline in price that day. That didn't look great when contrasted with the S&P 500's (SNPINDEX: ^GSPC) 0.4% gain.The person responsible for the downgrade was Gregg Moskowitz of Mizuho, who changed his view on CrowdStrike stock to neutral from his previous outperform (buy, in other words). His price target on the cybersecurity company is $425 per share. Image source: Getty Images.Continue reading
Investors weren't feeling entirely secure about cybersecurity stock CrowdStrike Holdings (NASDAQ: CRWD) on Thursday. Largely on the back of an analyst's recommendation downgrade, they traded out of the company, leaving it with a nearly 1% decline in price that day. That didn't look great when contrasted with the S&P 500's (SNPINDEX: ^GSPC) 0.4% gain.
The person responsible for the downgrade was Gregg Moskowitz of Mizuho, who changed his view on CrowdStrike stock to neutral from his previous outperform (buy, in other words). His price target on the cybersecurity company is $425 per share.
Image source: Getty Images.
