CrowdStrike Just Split Its Stock 4-for-1. Does a $193 Price Tag Make It a Buy?
Yahoo Finance ·
At Wednesday's close, one share of CrowdStrike ( CRWD +0.52% ) 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? The honest answer starts with an unsatisfying truth: The split itself tells us nothing. CrowdStrike executed the split as a stock dividend, giving investors of record on June 25 three additional shares for every one they owned, distributed after the market closed on July 1. Companies typically do this after a big run-up, partly to make shares feel accessible to smaller investors and employees.
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