CaliberCos (CWD) Stock Is Trending Overnight — Here's Why it Fell Over 25% in After-Hours Session - Calib

CaliberCos Inc. (NASDAQ:CWD) shares are trending on Thursday night.

Shares of the vertically integrated alternative asset management firm fell 25.20% to $0.92, reversing intraday gains.

According to Benzinga Pro data, CWD shares surged 90.61% to $1.23 in the regular session, following a pre-market announcement from CaliberCos detailing an expanded real estate tokenization strategy built on Chainlink‘s (CRYPTO: LINK) oracle infrastructure.

Chainlink is a decentralized oracle network that connects blockchains with real-world data. Its middleware provides data, computation and cross-chain messaging to smart contracts, allowing them to interact with traditional financial systems.

Tokenization Push Fuels Rally