Credo Technology Group Holding Ltd’s recent filing unveils that its Director TAN LIP BU unloaded Company’s shares for reported $14.27 million on Dec 06 ’24. In the deal valued at $72.75 per share,196,201 shares were sold. As a result of this transaction, TAN LIP BU now holds 1,513,725 shares worth roughly $101.46 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, TAN LIP BU sold 3,799 shares, generating $268,690 in total proceeds. Upon selling the shares at $70.73, the Director now owns 1,709,926 shares.
Before that, Brennan William Joseph sold 143,880 shares. Credo Technology Group Holding Ltd shares valued at $9,732,966 were divested by the Pres & Chief Executive Officer at a price of $67.65 per share. As a result of the transaction, Brennan William Joseph now holds 2,370,858 shares, worth roughly $158.92 million.
BofA Securities upgraded its Credo Technology Group Holding Ltd [CRDO] rating to a Buy from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering CRDO and reiterated its “Buy” recommendation on December 03, 2024. TD Cowen maintained its rating on July 15, 2024. It rated CRDO as “a Buy”.
Price Performance Review of CRDO
On Monday, Credo Technology Group Holding Ltd [NASDAQ:CRDO] saw its stock fall -9.70% to $67.03. Over the last five days, the stock has gained 40.23%. Credo Technology Group Holding Ltd shares have risen nearly 244.27% since the year began. Nevertheless, the stocks have risen 275.94% over the past one year. While a 52-week high of $75.32 was reached on 12/06/24, a 52-week low of $16.82 was recorded on 04/19/24. SMA at 50 days reached $43.27, while 200 days put it at $29.72.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 64.33, which if violated will result in even more drops to 61.62. On the upside, there is a resistance level at 72.21. A further resistance level may holdings at 77.38. The Relative Strength Index (RSI) on the 14-day chart is 68.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.54%. Stochastics %K at 86.61% indicates the stock is a selling.
How much short interest is there in Credo Technology Group Holding Ltd?
A steep rise in short interest was recorded in Credo Technology Group Holding Ltd stocks on 2024-11-15, dropping by -0.35 million shares to a total of 6.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.94 million shares. There was a decline of -5.25%, which implies that there is a negative sentiment for the stock.
