Why CrowdStrike Stock Jumped 10% Last Month

Shares of CrowdStrike Holdings (NASDAQ: CRWD) jumped 10.8%  last month, according to data provided by S&P Global Market Intelligence, after it was announced that the cybersecurity company would be added to the Nasdaq-100 index. 

This was taken by investors as a sign that CrowdStrike's growth is paying off, and is an indication that it's a top technology company. 

A spot opened up in the exclusive Nasdaq-100 when semiconductor company Analog Devices acquired Maxim Integrated Products. The addition of CrowdStrike to the index was announced on Aug. 23;  its share price jumped about 8% on the news. 

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Source Fool.com