Why did CrowdStrike stock drop today? Heavy volume hits shares
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CrowdStrike Holdings (NASDAQ:CRWD) fell sharply on Friday on heavier-than-normal volume, as nearly twice the average daily number of shares of the cyber security company changed hands.
CrowdStrike (CRWD) closed down nearly 9% to $164.81 as more than 8.2 million shares changed hands. For comparison purposes, the average daily volume is just over 4.6 million shares.

Several other cyber security stocks declined sharply on Friday as well, including Zscaler (ZS), CyberArk (CYBR), Palo Alto Networks (PANW) and Fortinet (FTNT), all of which declined at least 4%.
Year-to-date, CrowdStrike (CRWD) has fallen nearly 17%, compared to a 22.5% decline in the broader NASDAQ.
In April, investment bank Goldman Sachs upgraded CrowdStrike (CRWD) and raised the price target on the stock, noting its fundamentals have continued to improve.