In a filing, Credo Technology Group Holding Ltd revealed its Pres & Chief Executive Officer Brennan William Joseph unloaded Company’s shares for reported $0.27 million on Nov 17 ’27. In the deal valued at $17.71 per share,15,000 shares were sold. As a result of this transaction, Brennan William Joseph now holds 3,867,421 shares worth roughly $95.45 million.
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Then, Brennan William Joseph sold 15,000 shares, generating $216,762 in total proceeds. Upon selling the shares at $14.45, the Pres & Chief Executive Officer now owns 3,927,421 shares.
Before that, Cheng Chi Fung sold 55,000 shares. Credo Technology Group Holding Ltd shares valued at $1,383,364 were divested by the Chief Technology Officer at a price of $25.15 per share. As a result of the transaction, Cheng Chi Fung now holds 9,608,602 shares, worth roughly $237.14 million.
TD Cowen reiterated its Credo Technology Group Holding Ltd [CRDO] rating to a Market perform in a research note published on February 28, 2024; the price target was $24. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Market perform”‘ rating for it. Barclays began covering CRDO with “an Overweight” recommendation on October 02, 2023. TD Cowen maintained its rating on August 25, 2023. It rated CRDO as “a Market perform”.
Price Performance Review of CRDO
On Tuesday, Credo Technology Group Holding Ltd [NASDAQ:CRDO] saw its stock fall -2.02% to $24.68. Over the last five days, the stock has gained 19.05%. Credo Technology Group Holding Ltd shares have risen nearly 26.76% since the year began. Nevertheless, the stocks have risen 49.94% over the past one year. While a 52-week high of $26.30 was reached on 06/03/24, a 52-week low of $13.38 was recorded on 04/19/24. SMA at 50 days reached $19.85, while 200 days put it at $18.59. A total of 2.0 million shares were traded, compared to the trading of 3.52 million shares in the previous session.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 24.08, which if violated will result in even more drops to 23.48. On the upside, there is a resistance level at 25.14. A further resistance level may holdings at 25.60. The Relative Strength Index (RSI) on the 14-day chart is 70.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.90%. Stochastics %K at 89.00% indicates the stock is a selling.
The most recent change occurred on February 28, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $13 price target.
