Reported about 1 year ago
CrowdStrike Holdings is set to join the S&P 500 on June 24 with a market cap of $94 billion, following in the footsteps of other major additions like Airbnb, Uber, and Tesla. History shows that stocks in line for S&P 500 inclusion tend to outperform the market average between announcement and official joining, although the gains may not always be significant. Conversely, stocks may underperform the index after inclusion. While CrowdStrike stock may decline in the short term based on historical trends, long-term investors should focus on the company's strong business performance and growth prospects in the cybersecurity industry.
Source: YAHOO