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Benzinga
Benzinga
Business
Dylan Berman

CoreWeave Stock Is Moving Lower Wednesday: What's Going On?

CoreWeave CRWV HC Wainwright & Co Nasdaq Kevin Dede
Shanghai,china-oct.21st,2024:,Coreweave,Company,Brand,Logo,On,Phone,Screen

CoreWeave, Inc. (NASDAQ:CRWV) shares are trading lower on Wednesday. HC Wainwright & Co. initiated coverage on the stock with a Neutral rating.

What To Know: Despite several positive points, HC Wainwright & Co. analyst Kevin Dede said on Wednesday that the stock may need a "minute to breathe" after soaring fivefold, compared to a 25% gain in the Nasdaq over the same period.

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