CrowdStrike, Magnite Soar Despite Nasdaq Drop
Friday looked like it would break a streak of record closes for the Nasdaq Composite (NASDAQINDEX: ^IXIC), although it was still uncertain in mid-afternoon trading. Just before 2 p.m. EST, the Nasdaq was down around a quarter percent, holding up better than most other major stock market benchmarks.
Bucking the downtrend in the Nasdaq were CrowdStrike Holdings (NASDAQ: CRWD) and Magnite (NASDAQ: MGNI). Both stocks have taken advantage of popular trends in the market in 2020, and many see them as prospective candidates for further gains in 2021 and beyond. Let's look at why they were on the rise on Friday.
Shares of CrowdStrike Holdings were up more than 10% Friday afternoon, roaring to new all-time highs. The need for the cybersecurity software platform provider has already had the need for its services demonstrated more clearly than ever, and a recent incident could lead to more business for CrowdStrike.
Source Fool.com
