CrowdStrike stock sinks on insider sale plan as ‘software-mageddon’ rout bites CRWD
CrowdStrike shares fell 9.2% to $377.16 in after-hours trading Thursday after a Form 144 filing signaled a possible sale of 252,538 shares via J.P. Morgan. The drop followed a broader selloff in U.S. software stocks amid renewed concerns over AI disruption. The filing showed the PK Giving Trust may sell shares valued at about $104.9 million. CrowdStrike also announced a memorandum of understanding with Saudi Aramco.