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Why CrowdStrike Stock Climbed 11.1% in August

TheMotleyFool

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Why CrowdStrike Stock Climbed 11.1% in August

Shares of CrowdStrike (NASDAQ: CRWD) rose 11.1% in August, according to data from S&P Global Market Intelligence. The stock lagged the broader market early in the month as concerns about its valuation affected trading, but it benefited from favorable analyst coverage and tech sector momentum, and went on to record double-digit gains in the period.