Market-Moving News for July 19th
Portfolio Pulse from Benzinga Newsdesk
Market-Moving News for July 19th: CrowdStrike (CRWD) shares plummet by 21% due to a major outage affecting global businesses. Hawaiian Electric Industries (HE) shares rise by 50% following a settlement plan over the Maui wildfires. Nvidia disclosed a stake in ServiceNow (SERV), purchasing 62,500 shares at an average price of $4 per share, leading to a 92% increase in SERV's stock price.
July 19, 2024 | 12:22 pm
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CrowdStrike shares dropped by 21% due to a major outage impacting businesses globally.
The major outage has likely disrupted operations for many businesses, leading to a significant drop in investor confidence and a sharp decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Hawaiian Electric Industries shares surged by 50% following a report of a settlement plan over the Maui wildfires.
The settlement plan over the Maui wildfires likely alleviates investor concerns about potential liabilities, leading to a significant rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ServiceNow shares soared by 92% after Nvidia disclosed a stake of 62,500 shares at an average price of $4 per share.
Nvidia's investment in ServiceNow is seen as a strong vote of confidence, driving a substantial increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100