CrowdStrike (CRWD) Plunges 34% in a Month: Should You Buy the Dip?
CRWDCrowdStrike(CRWD) ZACKS·2024-08-14 21:36

CrowdStrike Holdings Inc. (CRWD) has seen a sharp 34.4% decline in its share price over the past month, a significant drop that has left many investors questioning whether now is the time to buy the dip.The dramatic fall can be attributed to two main factors — a global IT outage caused by a faulty update to CrowdStrike's Falcon platform and a broader market sell-off fueled by macroeconomic concerns, including uncertainty around the Federal Reserve's interest rate policies and fears of a potential U.S. reces ...