Why CrowdStrike Fell Almost 12% in January
Shares of cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) lost 11.8% of their value in January, according to data by S&P Global Market Intelligence. There was no company-specific news to cause the drop. Rather, it was the general market malaise that kicked off the new year as investors feared rising inflation and a Federal Reserve determined to hike interest rates to combat rising prices would lead the economy into a recession.
Whether or not a market crash is likely, investors shouldn't worry too much about the impact on CrowdStrike's business. Hackers and cybersecurity threats have become a fact of life.
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Source Fool.com
