Crowdstrike Slides After Large Block Trade Is Said Offered

(Bloomberg) — Crowdstrike Holdings Inc. fell 1.5% in post-market trading as people familiar with the matter said a large block of shares is changing hands overnight.Credit Suisse is lining up buyers for a five-million share stake in the cybersecurity firm, the people said. The bank is offering the shares on behalf of an unknown shareholder at $53.60 to $53.80 each, a maximum 2.7% discount to Monday’s closing price.Shares closed on Monday with an 8.6% gain as investors bet the increased risk of Iranian cyber-attacks in the U.S. will result in more business for Crowdstrike and other cybersecurity companies.The offering comes …read more

Source:: Yahoo Finance

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.