Just Like Airbnb, Uber, and Super Micro Computer Before It, CrowdStrike Is Joining the S&P 500. Here's What History Says Will Happen Next.
On June 7, S Dow Jones Indices announced that cybersecurity company CrowdStrike Holdings (NASDAQ: CRWD) will be entering its famous S 500 index on June 24. It's an announcement that's captured the attention of many investors.
With a market capitalization of $94 billion as of this writing, CrowdStrike will be one of the most valuable companies ever added to the S 500. In recent years, Airbnb and Uber Technologies have been other major additions with valuations of around $80 billion and $125 billion, respectively. While CrowdStrike goes toe-to-toe with these industry leaders, by far the largest addition was Tesla in 2020, which boasted a market cap of about $400 billion when news broke of its addition to the S&P 500.
So what can CrowdStrike investors expect now? Here are some takeaways we can glean by using history as a guide.
Source Fool.com