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Why Snowflake, CrowdStrike, and MongoDB Crashed at the Open, Then Recovered
Shares of Snowflake (NYSE: SNOW), CrowdStrike Holdings (NASDAQ: CRWD), and MongoDB (NASDAQ: MDB) all fell hard again on Monday, down 8.6%, 7.5%, and 8.3% at their daily lows, respectively, before recovering more than half those losses by 2:10 p.m. ET. There wasn’t much in the way of company-specific news today, although MongoDB management did present at the Annual Needham Virtual Growth Conference this morning.
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