HACK is trading 4.68% down at $123.91 as AI spending concerns and disappointing results from major technology companies weighed on cybersecurity shares.
- On October 30, Barron’s reported declines in CrowdStrike, Palo Alto Networks, Zscaler and Cloudflare; the wider market selloff overwhelmed any potential boost from the Binance hack.
- Fortinet’s reduced service-revenue forecast added recent pressure, though coverage points to broad sector weakness rather than a new HACK-specific announcement.