In a filing, Credo Technology Group Holding Ltd revealed its Officer Laufman James acquired Company’s shares for reported $0.76 million on Dec 16 ’24. In the deal valued at $76.25 per share,10,000 shares were bought.
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Then, TAN LIP BU sold 150,000 shares, generating $11,460,489 in total proceeds. Upon selling the shares at $76.40, the Director now owns 1,263,725 shares.
Before that, TAN LIP BU sold 99,100 shares. Credo Technology Group Holding Ltd shares valued at $7,296,097 were divested by the Director at a price of $73.62 per share. As a result of the transaction, TAN LIP BU now holds 1,413,725 shares, worth roughly $109.21 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 jump 1.71% to $77.25. Over the last five days, the stock has gained 15.25%. Credo Technology Group Holding Ltd shares have risen nearly 296.76% since the year began. Nevertheless, the stocks have risen 304.24% over the past one year. While a 52-week high of $76.53 was reached on 12/16/24, a 52-week low of $16.82 was recorded on 04/19/24. SMA at 50 days reached $47.32, while 200 days put it at $30.95.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 74.78, which if violated will result in even more drops to 72.30. On the upside, there is a resistance level at 79.35. A further resistance level may holdings at 81.44. The Relative Strength Index (RSI) on the 14-day chart is 73.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.04%. Stochastics %K at 90.18% 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.