CoreWeave down 32% since joining the Nasdaq 100
AI company CoreWeave has lost one-third of its value since the day it joined the Nasdaq 100 index, despite doubling revenue in the second quarter and boasting of $100 billion in backlogged revenue. As common shareholders have suffered, insiders have been steadily selling. Since Nasdaq 100 indexation became effective on June 22, 2026 and forced retirement savers to passively buy CoreWeave shares through hundreds of Nasdaq 100-linked funds around the world, executives and board members at the company have dumped over $600 million worth of stock. CEO Michael Intrator has liquidated over $320 million Co-founder Brannin McBee has sold $220 million Kristen McVeety, general counsel and corporate secretary, has sold over $22 million The company’s CSO, CFO, COO, and CAO have sold a combined $36 million CoreWeave since IPO. Source: TradingView CoreWeave’s stock hit its all-time high of $187 on June 20, 2025, almost a year before it became a constitue...