CoreWeave’s Bonds Now Yield 15%, and CoreWeave Stock Spent…
By Tobi Opeyemi Amure
Source excerpt · FinanceFeeds
CoreWeave stock closed down 15.46% at $65.78 on Wednesday, and the sell-off followed the bond market rather than leading it. The company’s unsecured notes due 2032 had already fallen below 80 cents on the dollar, carrying a yield above 15% against roughly 9% over the summer. CoreWeave stock fell a further 5.35% to $62.26 in Thursday’s premarket. Equity holders spent Wednesday reacting to a price m…