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CrowdStrike stock could see its worst day ever after worldwide outages

Dow Jones07-19

MW CrowdStrike stock could see its worst day ever after worldwide outages

By Steve Goldstein

CrowdStrike Holdings may be looking at worst single-day stock-market performance ever, after a computer outage worldwide was pinned on the cybersecurity company.

In premarket trade on Friday, CrowdStrike $(CRWD)$ stock lost 20%.

According to FactSet data, CrowdStrike has never dropped more than 17% in a single session.

A widespread outage hitting Microsoft-powered computers has disrupted flights and impacted banks, publishers and scores of other companies. Governments and airlines attributed the outages to CrowdStrike.

Related: Airlines grounded, companies experiencing outages tied to CrowdStrike issue

Reports linked the problems to what's called CrowdStrike's Falcon Sensor platform.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 19, 2024 05:35 ET (09:35 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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