CrowdStrike Holdings Inc. (NASDAQ: CRWD) stock has been under pressure since reaching an all-time high in July. Since that time, it has been down approximately 16%, which means the stock is approaching correction territory. That may be welcome news for investors who feel that CrowdStrike, like other technology stocks, is overvalued and want to find a better entry point.
But they may have to act sooner rather than later. In late August, CRWD stock got a bump from its $290 million acquisition of Onum. This move aims to further streamline and scale CrowdStrike's industry-leading Falcon cybersecurity platform and enhance the company’s ability to drive autonomous cybersecurity at scale.
