Cloud Stock Newbie Oversold Ahead of Earnings

Core Points - CoreWeave Inc (NASDAQ:CRWV) is experiencing a 6.2% decline, trading at $107.36, as investors await the third-quarter earnings report scheduled for November 10 [1] - Since its IPO in late March at $40, the stock has increased by 168%, although it has recently retraced towards the $100 level, shedding 20% since the start of the quarter [1] - The stock's 14-day Relative Strength Index (RSI) is at 30, indicating it is in "oversold" territory and may be due for a bounce [3] - Short interest has decreased by 9% over the last two reporting periods, with 29.44 million shares sold short, representing 10.4% of the total float [3] - Historically, CRWV has reported earnings twice since going public, both resulting in next-day losses averaging 11.7% [4] - Analysts anticipate a larger-than-usual price movement of 17.1% for this quarter's earnings report, regardless of the direction [4]