Is CrowdStrike Stock a Buy After Its Stock Split?
The cybersecurity company just underwent a 4-for-1 stock split.
Overview
On July 2, cybersecurity leader CrowdStrike (NASDAQ: CRWD) underwent a 4-for-1 stock split, reducing its share price to $193. The day before, the stock closed around $773 per share, and each stockholder of record received four shares for each share they held.
The price rose after the split took effect, up about 2% to $196 during the trading day. That's not unusual -- splits generally result in the stock price popping, both before and shortly after the split.
Details
Since the split was announced on June 3, CrowdStrike's stock is up about 8%. This is because investors wanted to buy in to get the split, and they anticipate it getting a lift from its new, more accessible stock price.
Source
Originally published at www.fool.com.