🔴 CoreWeave is trading at 4.5% down today as financing plans raise dilution concerns

CoreWeave is trading 4.51% lower at $84.46 on October 8, as financing plans raise funding and dilution concerns.

• The company plans to raise $3 billion through convertible debt and sell up to 35 million shares through an at-the-market program; shares fell more than 2% in premarket trading after the announcement.
• Reuters reported Brent crude up 4.8% to above $105 a barrel and the 10-year Treasury yield at 5.34%, weighing on growth-oriented technology shares. No trading-volume figure was provided.