Watch These CoreWeave Price Levels as Stock Slips After Announcing $9B Acquisition
Key Takeaways
- CoreWeave stock slipped Monday after the Nvidia partner said it will acquire Core Scientific in an all-stock deal valued at around $9 billion.
- Since setting their all-time high last month, CoreWeave shares have consolidated in a falling wedge, with the pattern recently finding support near the respected 50 moving average.
- Investors should watch important overhead areas on CoreWeave’c chart around $187 and $235, while also monitoring key support levels near $122 and $97.
Investors will be closely watching CoreWeave (CRWV) shares that slipped Monday, after the Nvidia (NVDA) partner said it will acquire Core Scientific (CORZ) in an all-stock deal for around $9 billion.
The transaction, which hit the Wall Street rumor mill…
