TradingKey – Cathie Wood Buys More on the Dip, but CoreWeave Still Breaks Below $60, Facing Potential Further Downside of Around 16%.

On October 20, Eastern Time, CoreWeave (CRWV) stock continued to face downward pressure, falling by about 2.7% in pre-market trading today to forcefully break below the major psychological level of $60 again. It can be seen that even though Cathie Wood’s ARK Invest funds frequently bought the dip, it was still difficult to resist the selling pressure from long liquidations.

According to disclosures from Ark Invest Tracker, Cathie Wood’s ARK Invest spent over $8 million yesterday to buy over 13 shares of CoreWeave stock. After continuous bottom-fishing over the past week or so, the total number of CoreWeave…