Speaking of institutions, CrowdStrike will be a new addition to the S&P 500, which should generate institutional interest.The Reddit community WallStreetBets is synonymous with the meme stock movement. A distinguishing feature of this online community is its members' preference for stocks that have a high short-selling risk.
While that may be a tantalizing premise, it hasn’t been reflected in the AI stock price. Like many smaller artificial intelligence stocks, it fell victim to not being Nvidia. When investors soured on the idea of an imminent interest rate cut, small, unprofitable companies quickly got sold off. That was particularly true of companies without strong institutional backing. For example, the AI stock price was cut by nearly 50%.
For some companies, inclusion in the index generates institutional interest from fund managers whose funds track stocks included in the index. That may not be as significant for CrowdStrike, which already has 71% institutional ownership. However, in a competitive sector like cybersecurity, receiving this distinction can separate CRWD stock from a crowded field.
You wouldn’t know that by looking at LULU stock, which is down 37.9% in 2024. That’s taken away all of the stock's 12-month gains and has it trading near its 52-week low.as its consumer base fell under pressure. That wasn’t the case in the first quarter of 2024, and it’s not reflected in the company’s guidance.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Kilde: Investingcom - 🏆 450. / 53 Les mer »