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Core Scientific, Inc. (NASDAQ:CORZ), a company with a market capitalization of $3.36 billion and an overall FAIR financial health rating according to InvestingPro, saw a notable transaction involving its Chief Legal and Administrative Officer, Todd DuChene, according to a recent SEC filing. DuChene sold 50,000 shares of common stock on May 27, 2025. The shares were sold at a weighted average price of $11.2317, with transactions occurring within a range of $11.2084 to $11.2578. The total value of the shares sold amounted to $561,585. Following the sale, DuChene retains direct ownership of 2,160,102 shares of the company. The stock, which has delivered a remarkable 127% return over the past year, is currently trading above its InvestingPro Fair Value. InvestingPro analysis reveals the stock’s RSI suggests overbought conditions, with 10+ additional ProTips available for subscribers.
In other recent news, Core Scientific Inc . has been the subject of several significant developments. JMP Securities has maintained a Market Outperform rating for Core Scientific, setting a price target of $15.00, citing the company’s market capitalization of approximately $3.2 billion and its debt level of around $400 million. SocGen Group’s Bernstein analysts also reiterated an Outperform rating with a $17.00 price target, highlighting the company’s transition towards a data center platform and its partnership with CoreWeave. CoreWeave’s recent significant orders from OpenAI are expected to positively impact Core Scientific’s contracted power capacity. Additionally, Core Scientific has appointed Elizabeth Crain to its Board of Directors, where she will serve as Chair of the Audit Committee, bringing her extensive experience in investment banking and executive leadership to the company. Meanwhile, Todd Becker has resigned from the Board, having played a key role during the company’s emergence from bankruptcy and financial restructuring. Core Scientific continues to focus on its dual business model in high-performance computing and Bitcoin mining, leveraging its 1.3 gigawatts of contracted power capacity. These developments reflect the company’s strategic efforts to enhance its market position and operational capabilities.
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