CrowdStrike Just Split Its Stock 4-for-1. Does a $193 Price Tag Make It a Buy?
The cybersecurity leader's shares just got about 75% cheaper -- sort of.
Overview
At Wednesday's close, one share of CrowdStrike (NASDAQ: CRWD) cost $772.74. On Thursday morning, it cost about $193. Nothing about the company changed overnight -- shareholders simply woke up with four times as many shares, each worth a quarter as much. The cybersecurity specialist's first-ever stock split, a 4-for-1 move announced alongside its earnings report in June, took effect with Thursday's trading.
A dramatically lower share price has a way of making a stock feel more affordable. And that feeling invites the classic post-split question: Is CrowdStrike a buy at today's price?
Details
The honest answer starts with an unsatisfying truth: The split itself tells us nothing.
Source
Originally published at www.fool.com.