CoreWeave Sinks 29% in October as Unsecured Debt Yield Hits 15%
CRWV is trading near its 52-week low of $57.235 (4.3% above the low) on elevated volume (2.1× avg).
Summary
CoreWeave shares are down 29% this month, and the yield on its unsecured debt has climbed to about 15% — a level that says lenders are pricing real default risk, not just duration. The five-year CDS spread sits near 1,067 basis points, up 164% over the past year and 30% in October alone, so the credit market is deteriorating faster than the equity. The company carries about $20.7 billion of debt due through 2030 and another $14.9 billion after that, against a $103.7 billion backlog and a Q2 net loss of $626 million. This follows the September convertible notes and ATM buildout, which added leverage just as borrowing costs spiked. The stock at $59.70 is near its 52-week low of $57.24, down from a $141.79 high.
At the time of this announcement, CRWV was trading at $59.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $34.1B. The 52-week trading range was $57.24 to $141.79. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Binance News.