CrowdStrike Begins Split-Adjusted Trading Following 4-for-1 Stock Split

CrowdStrike Holdings Inc (NASDAQ: CRWD ) shares are edging higher Thursday afternoon as traders continue to reward large-cap cybersecurity names, despite a risk-off tape. The Nasdaq is down 1.9% while the S&P 500 has shed 0.5%. Here is a breakdown of the key catalysts shaping Thursday afternoon’s price action. CrowdStrike Holdings shares are trending higher. What’s driving CRWD shares up? What the 4-for-1 Stock Split Means for CrowdStrike Shareholders Thursday’s move also comes as CrowdStrike began trading on a split-adjusted basis Thursday morning following its previously announced four-for-one stock split. Shareholders of record as of June 25 received three additional shares for every share held after the close of business on July 1, with split-adjusted trading beginning Thursday morning. The split does not change CrowdStrike’s market value or the economic value of...