NewsCoreWeave shares fell 15% yesterday and 7% in pre-market trading
CoreWeave shares fell 15% yesterday and dropped another 7% in pre-market trading. The company's bonds maturing in about 6 years are trading under 80 cents on the dollar.
CoreWeave shares fell 15% yesterday and dropped another 7% in pre-market trading. The company's bonds maturing in about 6 years are trading under 80 cents on the dollar. "The CDS is indicating a 50% chance of default in the next 5 years." When bond prices fall this fast, even the insurance gets expensive.