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 $111.69 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, Lam Yat Tung sold 10,000 shares. Credo Technology Group Holding Ltd shares valued at $282,116 were divested by the Chief Operating Officer at a price of $28.21 per share. As a result of the transaction, Lam Yat Tung now holds 3,130,945 shares, worth roughly $90.42 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 Friday, Credo Technology Group Holding Ltd [NASDAQ:CRDO] saw its stock fall -0.21% to $28.88. Over the last five days, the stock has gained 6.37%. Credo Technology Group Holding Ltd shares have risen nearly 48.33% since the year began. Nevertheless, the stocks have risen 63.16% over the past one year. While a 52-week high of $29.89 was reached on 06/10/24, a 52-week low of $13.38 was recorded on 04/19/24. SMA at 50 days reached $20.84, while 200 days put it at $19.09. A total of 1.36 million shares were traded, compared to the trading of 1.41 million shares in the previous session.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 28.25, which if violated will result in even more drops to 27.63. On the upside, there is a resistance level at 29.62. A further resistance level may holdings at 30.37. The Relative Strength Index (RSI) on the 14-day chart is 76.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.89%. Stochastics %K at 91.31% 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.
