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

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