Advertisement
Singapore markets closed
  • Straits Times Index

    3,430.33
    -30.49 (-0.88%)
     
  • S&P 500

    5,427.13
    -128.61 (-2.31%)
     
  • Dow

    39,853.87
    -504.23 (-1.25%)
     
  • Nasdaq

    17,342.41
    -654.99 (-3.64%)
     
  • Bitcoin USD

    64,281.53
    -2,184.01 (-3.29%)
     
  • CMC Crypto 200

    1,312.03
    -26.15 (-1.95%)
     
  • FTSE 100

    8,084.51
    -69.18 (-0.85%)
     
  • Gold

    2,373.30
    -42.40 (-1.76%)
     
  • Crude Oil

    76.53
    -1.06 (-1.37%)
     
  • 10-Yr Bond

    4.2860
    +0.0470 (+1.11%)
     
  • Nikkei

    37,869.51
    -1,285.34 (-3.28%)
     
  • Hang Seng

    17,004.97
    -306.08 (-1.77%)
     
  • FTSE Bursa Malaysia

    1,615.18
    -5.96 (-0.37%)
     
  • Jakarta Composite Index

    7,240.28
    -22.48 (-0.31%)
     
  • PSE Index

    6,670.27
    -82.85 (-1.23%)
     

Why CrowdStrike Stock Surged 33% in May

Why CrowdStrike Stock Surged 33% in May

In the case of CrowdStrike in May, I can't point to a business reason to explain why it was up so much. Now, CrowdStrike did technically deliver news related to its business fundamentals in May -- on May 31, it reported financial results for its fiscal 2024 first quarter, which ended April 30. The cases of CrowdStrike and SentinelOne are instructive in this regard.