Core Scientific chief legal officer sells $209,476 in shares By Investing.com

Todd M. Duchene, Chief Legal and Administrative Officer at Core Scientific, Inc. (), sold common stock totaling $209,476 on July 27, 2026. The shares were sold at prices ranging from $20.7469 to $22.49.

The transactions involved the sale of 8,300 shares at a weighted average price of $20.7469, 1,600 shares at a weighted average price of $21.8925, and 100 shares at $22.49. These sales were executed under a Rule 10b5-1 trading plan, which Mr. Duchene adopted on December 5, 2025. The prices reported for the 8,300 and 1,600 share transactions represent weighted average prices. Following these transactions, Mr. Duchene beneficially owns 1,989,101 shares of common stock.The stock has declined sharply since the sale, currently trading at $18.12, down from the $20.75 close on the transaction date. According to InvestingPro analysis, CORZ appears overvalued at current levels and ranks among the platform’s Most Overvalued stocks. The company’s financial health score stands at “WEAK,” though the stock has delivered a 38.8% return over the past year. For deeper insights, investors can access the comprehensive Pro Research Report, available for CORZ and 1,400+ other US equities.

In other recent news, Core Scientific announced a significant data center lease agreement with AMD, covering 529 megawatts of critical IT capacity across five campuses. This agreement is expected to generate more than $14 billion in base contracted revenue over 15 years, with annual escalators of 2.5%. The company’s second-quarter revenue was reported at $164.2 million, surpassing FactSet consensus estimates of $142.1 million. However, Core Scientific’s adjusted EBITDA was $41.1 million, falling short of the consensus expectation of $52.7 million.

Analyst firms have responded positively to these developments. Compass Point, Canaccord, Needham, and Macquarie have all raised their price targets for Core Scientific. Compass Point and Canaccord both set their targets at $36, while Needham set theirs at $35, and Macquarie increased theirs to $38. Macquarie noted the company’s strong second-quarter results and its partnership with AMD as key factors in their decision. Additionally, BTIG reiterated a Buy rating with a $38 price target, citing the new hosting agreement with AMD.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.