On May 27, CrowdStrike declined 4.65% in regular trading, trading at $654.09/share, with trading volume of $362 million. The decline was driven by severe sector-wide pressure after cybersecurity peer Zscaler plunged over 26% during the session, heavily weighing on overall industry sentiment.
As a leading name in the cybersecurity space, CrowdStrike was notably dragged lower despite receiving a bullish catalyst the same day — Wedbush raised its target price from $550 to $700 while maintaining an Outperform rating. However, the positive note failed to offset broad-based selling pressure across the Systems Software sector. Within the sector, Microsoft fell 0.87%, Oracle dropped 2.08%, and NEBIUS declined 3.39%, while ServiceNow bucked the trend with a 1.77% gain.
Notably, CrowdStrike had been on an upward trajectory in prior sessions, supported by a wave of institutional upgrades from Wells Fargo, Morgan Stanley, KeyBanc, RBC, and others, with multiple firms setting $700 target prices.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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