Shares of CRWV are trading 4.6% lower to $98.08 in pre-market, extending recent declines as investors take profits and digest news of significant insider selling.
- The company announced on May 18 the closing of a $3.1 billion term loan facility to fund GPU and infrastructure expansion.
- The stock also fell 3.3% on May 18 after filings revealed multiple insiders sold shares, including significant sales by executives Jeff Baker and Brian M. Venturo.
- The selling pressure follows a recent peak near $114 last week, with the stock now pulling back for a third consecutive session.