Why CrowdStrike Stock Was Falling Today

Shares of CrowdStrike Holdings (NASDAQ: CRWD) were sliding today as the cybersecurity-focused software-as-a-service (SaaS) company fell along with the crash in tech stocks.

There was no company-specific news out on the SaaS stock, but its high valuation made it a target as investors rotated into safer stocks.

The stock closed down 6.1% today.

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Source Fool.com