CrowdStrike Shares Drop 13%, Microsoft Takes A Hit During Pre-Market After Major Outage Causes Global Havoc
Portfolio Pulse from Benzinga Neuro
CrowdStrike and Microsoft shares dropped significantly in pre-market trading due to a CrowdStrike update causing a global Windows crash. The incident also affected several airlines, leading to flight cancellations.
July 19, 2024 | 9:36 am
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NEGATIVE IMPACT
Allegiant Travel Company faced flight cancellations due to the global Windows crash caused by a CrowdStrike update.
The global Windows crash led to significant operational disruptions, causing flight cancellations for Allegiant Travel Company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
CrowdStrike's shares dropped nearly 13% in pre-market trading due to a faulty update causing global Windows crashes.
The significant drop in CrowdStrike's stock is directly linked to the faulty update that caused widespread disruption, leading to a loss of investor confidence.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's shares fell 1.97% in pre-market trading due to a global Windows crash caused by a CrowdStrike update.
Microsoft's stock is affected due to the global Windows crash, which disrupted critical services and impacted user trust.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sun Country Airlines experienced flight cancellations due to the global Windows crash caused by a CrowdStrike update.
The operational disruptions from the Windows crash led to flight cancellations, negatively impacting Sun Country Airlines.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Frontier Group Holdings experienced operational disruptions due to the global Windows crash, leading to flight cancellations.
The operational disruptions caused by the Windows crash led to flight cancellations, negatively impacting Frontier Group Holdings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50