CrowdStrike Stock Drops 4.78% in Two Days, Trading Volume Ranks 69th

On March 27, 2025, CrowdStrike Holdings (CRWD) experienced a significant decline, with its stock price dropping by 1.31%, marking the second consecutive day of decline and a total decrease of 4.78% over the past two days. The trading volume reached 9.75 billion, placing it at the 69th position in the day's stock market rankings.

On March 26, 2025, CrowdStrike Holdings (CRWD) received an upgrade from BTIG, which changed its rating from Neutral to Buy and set a price target of $431. This upgrade was part of a broader market movement where investors were cautious due to uncertainty surrounding U.S. President Donald Trump’s upcoming tariffs. The Trump administration indicated that the upcoming wave of U.S. tariffs could be more targeted than initially expected, with nations seeking exemptions from the impending duties. President Trump stated that he would be more lenient than reciprocal, acknowledging the potential impact on people.

Economic data released on Tuesday showed mixed results. The U.S. Conference Board’s consumer confidence index fell to a 4-year low of 92.9 in March, weaker than expectations of 94.2. The U.S. January S&P/CS HPI Composite - 20 n.s.a. increased to +4.7% y/y from +4.5% y/y in December, stronger than expectations of +4.6% y/y. U.S. new home sales rose +1.8% m/m to 676K in February, weaker than expectations of 682K. The U.S. Richmond Fed manufacturing index unexpectedly fell to -4 in March, weaker than expectations of 8. These economic indicators contributed to the overall cautious sentiment among investors.

Fed Governor Adriana Kugler voiced support for keeping interest rates unchanged for “some time,” while pointing out an uptick in some measures of Americans’ inflation expectations. U.S. rate futures have priced in an 88.4% chance of no rate change and an 11.6% chance of a 25 basis point rate cut at the next FOMC meeting in May. Investors will focus on U.S. Durable Goods Orders and Core Durable Goods Orders data, set to be released in a couple of hours. Economists forecast February Durable Goods Orders at -1.1% m/m and Core Durable Goods Orders at +0.2% m/m, compared to the prior figures of +3.1% m/m and 0.0% m/m, respectively.