At Wednesday’s close, one share of CrowdStrike (CRWD +0.52%) cost $772.74. On Thursday morning, it cost about $193. Nothing about the company changed overnight — shareholders simply woke up with four times as many shares, each worth a quarter as much. The cybersecurity specialist‘s first-ever stock split, a 4-for-1 move announced alongside its earnings report in June, took effect with Thursday’s trading.
A dramatically lower share price has a way of making a stock feel more affordable. And that feeling invites the classic post-split question: Is CrowdStrike a buy at today’s price?
The honest answer starts with an unsatisfying truth: The split itself tells us nothing.
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