Cybersecurity Rallies After Facebook Outage

It’s no secret that the market has been a bit dull as of late. However, the cybersecurity group has been an exception. In fact, in light of Facebook’s two outages last week, it has become too hot to ignore. Here are a few of the hottest cyber-stocks…

Cloudflare, Inc climbed 3.30% to all-time highs. The cybersecurity stock has been incredibly strong in each session following Facebook’s crashes last week. The sessions are marked by an arrow.

$NET is up 90% YTD.

Palo Alto Networks gained 1.42% today and registered a record close. $PANW sits less than a quarter away from $500.

The Global X Cybersecurity ETF ($BUG) just bounced off prior highs set earlier in February. Will this line in the sand continue to hold or is $BUG on its way to retest $30? Place your bets…

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The reason is that there was an improvement in the “breadth” of the market.

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SoFi Technologies and Match Group are good examples from the last few days.

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