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There’s been a flurry of insider selling after CoreWeave Inc.’s lockup period expired in August, and it sent the cloud-computing company’s stock tumbling on Tuesday.
Last week, CoreWeave
CRWV executives including Chief Executive Michael Intrator and Chief Financial Officer Agrawal Nitin, as well as the company’s biggest shareholder, Magnetar Financial, sold shares in the company. For much of CoreWeave’s time as a public company, during which the stock saw significant gains, those insiders had been restricted from selling shares.
This post was originally published on Market Watch
