CoreWeave Insider Sales Reach $740 Million as Shares Drop More Than 46%

Shares of AI company CoreWeave have fallen more than 46% since it joined the Nasdaq-100 on June 22, as executives and directors sold about $740 million in stock over the same period. Shares opened near $119 on June 22, when CoreWeave joined the index, and below $62 on Oct. 15. The decline erased about $18 billion in market value. CEO Mike Intrator sold about $85 million worth of stock from Sept. 15 through Sept. 30. General counsel Kristen McVeety sold 97,500 shares near $94 apiece on Sept. 8, for about $9 million.

Source: TokenPost