CRWD is trading at 74.2% down now at $199.07 after its inaugural 4-for-1 stock split took effect following the close on July 1, 2026, with trading beginning on a split-adjusted basis on July 2. The apparent large percentage drop reflects the mechanical impact of the split on the share price, not a fundamental collapse in CrowdStrike’s business, which recently reported strong Q1 FY 2027 results and raised net new ARR guidance.