Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Credo Technology Group Holding Ltd shares valued at $265,025 were sold by Fleming Daniel W. on Dec 18 ’24. At $69.93 per share, Fleming Daniel W. sold 3,790 shares. The insider’s holdings dropped to 652,666 shares worth approximately $46.48 million following the completion of this transaction.
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Also, PANTAS SUTARDJA purchased 21,041 shares, netting a total of over 1,410,589 in proceeds.
Before that, Laufman James had added 10,000 shares to its account. In a trade valued at $762,500, the Officer bought Credo Technology Group Holding Ltd shares for $76.25 each.
As published in their initiating research note from Susquehanna on December 17, 2024, Credo Technology Group Holding Ltd [CRDO] has been a Neutral and the price target has been revised to $80. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of December 03, 2024, TD Cowen has reiterated its “Buy” rating for CRDO. Earlier on December 03, 2024, Needham resumed its rating. Their recommendation was “a Buy” for CRDO stock.
Analyzing CRDO Stock Performance
During the last five days, there has been a surge of approximately 1.68%. Over the course of the year, Credo Technology Group Holding Ltd shares have jumped approximately 264.66%. Shares of the company reached a 52-week high of $78.97 on 12/16/24 and a 52-week low of $16.82 on 04/19/24. A 50-day SMA is recorded $51.26, while a 200-day SMA reached $32.36. Nevertheless, trading volume fell to 1.57 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for Credo Technology Group Holding Ltd (CRDO)
According to the 24-hour chart, there is a support level at 69.46, which, if violated, would cause prices to drop to 67.70. In the upper region, resistance lies at 72.34. The next price resistance is at 73.46. RSI (Relative Strength Index) is 62.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 48.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
