Now CrowdStrike Is A Buy
CRWDCrowdStrike(CRWD) Seeking Alpha·2024-08-15 07:32

Sundry Photography CrowdStrike Holdings, Inc.'s (NASDAQ:CRWD) outage arrived at an interesting time. The "incident" occurred just as the AI-led tech sector was going through a near-term topping process, and many stocks were already going through a consolidation/pullback phase. Therefore, CrowdStrike's outage accelerated the decline in its stock, culminating in about a 50% drop in only about three weeks. This dynamic created a considerable buying opportunity in the $220-200 range, and CrowdStrike remains a s ...