Since the crash of Cloudflare’s share price from the all-time high at $221.53 in November 2021, the price has failed to rally. Each time it attempts a rally, it is counteracted by a more aggressive bearish force.
All Cloudflare investors since January 2021 are currently at a loss. The current price of Cloudflare’s share is $51.72 while the current low for the year 2022 is at $40.03. Despite the crash in price, Cloudflare is still trading above its IPO which is $18.
On October 17, 2022, Cloudflare’s share price saw a 13% gain. Despite this recent rally, the bears might push price to a new year’s low.
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