CrowdStrike Stock Is Back Above $300 Per Share. Is It Going Back to Its All-Time High?

CrowdStrike (NASDAQ: CRWD) stock investors likely want to put 2024 behind them. After its shares briefly rose above $390 per share in July, a massive IT outage caused by a CrowdStrike glitch caused widespread turmoil across the economy. Investors quickly turned on CrowdStrike, and the stock lost as much as half of its value on an intraday basis.After an intraday low of just under $201 per share in August, it has since recovered to be above the $300 per share price. Does this mean the stock is headed for a quick return to its all-time high, or should investors turn cautious?Despite the considerable magnitude of the outage, CrowdStrike investors have good reason not to lose all optimism. Just three months after the outage, CrowdStrike stock has recovered more than half of the value lost since the incident.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool