CoreWeave Stock Declines Amid Insider Selling and Market Retreat

Q: What is the current short interest in CoreWeave?

The current short interest is **22.59%** of the company's float.

Original: What's Going On With CoreWeave Stock Thursday?

Benzinga•Apr 2, 20262 min

In a Nutshell

CoreWeave Inc. (NASDAQ:CRWV) shares dropped 5.02% to $74.50 in Thursday's premarket trading following significant insider selling and a decline in Nasdaq futures. CEO Michael Intrator sold shares worth approximately $7.20 million, contributing to a rise in short interest, which now stands at 22.59% of the company's float.

Key Points

01CoreWeave shares fell 5.02% to $74.50 in premarket trading.
02CEO Michael Intrator sold 32,460 shares for about $7.20 million.
03Short interest in CoreWeave has risen to 22.59% of the float.
04The company recently closed an $8.5 billion investment-grade financing deal.
05CoreWeave is trading significantly below its moving averages, indicating a bearish trend.

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Full Summary

CoreWeave Inc. (NASDAQ:CRWV) experienced a 5.02% decline in its stock price, reaching $74.50 during Thursday's premarket session. This drop follows notable insider selling, including CEO Michael Intrator's sale of 32,460 shares for approximately $7.20 million on March 25. Additionally, Chief Development Officer Brannin McBee sold over $25 million in equity through 'Sell-Options' transactions. The broader market is also facing challenges, with Nasdaq futures down 1.63% and S&P 500 futures down 1.24%. Short interest in CoreWeave has climbed to 22.59% of the company's float, indicating increasing bearish sentiment. The company recently closed an $8.5 billion investment-grade financing deal, marking a significant milestone in GPU-backed financing. However, CoreWeave's stock is trading 6% below its 20-day simple moving average and 11.4% below its 100-day average, suggesting a bearish trend as it approaches its $33.52 52-week low.

Key Figures

$7.20 million

Value of shares sold by CEO Michael Intrator

$8.5 billion

Amount of recent investment-grade financing deal

22.59%

Current short interest of the company's float

$74.50

Current stock price during premarket trading

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Why It Matters

The decline in CoreWeave's stock could affect investor confidence and market perception of the company, potentially impacting future financing and operational capabilities.

Who is affected

Investors and stakeholders in CoreWeave Inc.

What to know

Investors should monitor market trends and insider activities closely before making investment decisions.

FAQ

The decline was driven by significant insider selling and a broader retreat in Nasdaq futures.

The current short interest is 22.59% of the company's float.

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