CoreWeave halved since joining Nasdaq 100 as insiders sold $740 million
Photo: Protos
CoreWeave CEO Mike Intrator sold about $85 million worth of stock in the heavily indebted AI company between September 15 and September 30. Those same shares have since lost more than a quarter of their value. Insider selling is rampant at the company whose stock has lost $18 billion in market cap and more than 46% of its share price since joining the Nasdaq 100 index. This week, McBee told the Financial Times that CoreWeave is looking to borrow even more money.
Source: Protos
