CrowdStrike Holdings Inc ( CRWD ) shares are trading higher Monday after it was announced the company will join the S&P 500.

What To Know: After the market close on Friday, S&P Dow Jones Indices announced that CrowdStrike ( CRWD ), KKR & Co and GoDaddy would replace Robert Half, Comerica and Illumina in the S&P 500.

The changes are set to become effective prior to the open of trading on June 24 to coincide with the quarterly rebalance of the S&P Dow Jones Indices.

The S&P 500 is a market capitalization-weighted index that tracks the largest 500 publicly traded companies. The index is considered one of the best gauges of broader market performance and is tracked by the SPDR S&P 500 .

See Also: Don’t Miss Apple’s WWDC 2024 Keynote: How And Where To Watch On June 10

Is CRWD A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like CrowdStrike Holdings ( CRWD )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. CrowdStrike ( CRWD ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 13.14%, you'll need to buy a share of Annaly Capital Management by Jun. 28, 2024. Once done, you can expect to receive a nominal payout of $0.65 on Jul. 31, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on CrowdStrike Holdings ( CRWD ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

CRWD Price Action: CrowdStrike ( CRWD ) shares were having near new 52-week highs at last check. The stock was up 5.82% at $369.45 at the time of publication, according to Benzinga Pro.