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MarketBeat
MarketBeat
Chris Markoch

U.S. Regulators Target CrowdStrike: Is It a Signal or Noise?

CrowdStrike CRWD MarketBeat SEC DOJ IRS
[content-module:CompanyOverview|NASDAQ:CRWD]

On May 9, CrowdStrike Holdings Inc. (NASDAQ: CRWD) closed the week down about 7%. A key reason for the sell-off was news that the company was part of a Department of Justice (DOJ) and Securities & Exchange Commission (SEC) probe involving the company’s $32 million deal with Carahsoft.

This may seem like bad form to bring up when the stock has made up that loss. All technology stocks are ripping higher on the positive trade news between the United States and China.

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