The cybersecurity leader’s double-digit jump wasn’t about a new product or a big contract, but something much bigger.
If you blinked on Tuesday, you might have missed it
CrowdStrike (CRWD) shares surged +12.1%, closing the session at a new 52-week high of $210.73. A move like that usually signals a strong earnings report or a game-changing acquisition. This time, the catalyst came from a place you probably weren’t looking.
What Did Inflation Have To Do With Cybersecurity? Everything, it turns out. The entire rally was sparked by a single piece of economic data: cooler-than-expected June inflation figures.