Credo Technology Group Holding Ltd’s recently made public that its Director PANTAS SUTARDJA acquired Company’s shares for reported $0.12 million on Jan 31 ’25. In the deal valued at $64.60 per share,1,875 shares were bought.
Then, Lam Yat Tung sold 100,000 shares, generating $5,865,864 in total proceeds. Upon selling the shares at $58.66, the Chief Operating Officer now owns 0 shares.
Before that, Cheng Chi Fung sold 55,000 shares. Credo Technology Group Holding Ltd shares valued at $3,182,858 were divested by the Chief Technology Officer at a price of $57.87 per share. As a result of the transaction, Cheng Chi Fung now holds 8,213,602 shares, worth roughly $575.12 million.
Susquehanna initiated its Credo Technology Group Holding Ltd [CRDO] rating to a Neutral in a research note published on December 17, 2024; the price target was $80. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early December from “an Underperform” to “a Buy”. TD Cowen also remained covering CRDO and reiterated its “Buy” recommendation on December 03, 2024. Needham maintained its rating on December 03, 2024. It rated CRDO as “a Buy”.
Price Performance Review of CRDO
On Friday, Credo Technology Group Holding Ltd [NASDAQ:CRDO] saw its stock jump 8.39% to $70.02. Over the last five days, the stock has lost -12.99%. Credo Technology Group Holding Ltd shares have risen nearly 4.18% since the year began. Nevertheless, the stocks have risen 233.75% over the past one year. While a 52-week high of $86.69 was reached on 01/22/25, a 52-week low of $16.82 was recorded on 01/27/25. SMA at 50 days reached $66.10, while 200 days put it at $38.47.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 65.92, which if violated will result in even more drops to 61.81. On the upside, there is a resistance level at 75.09. A further resistance level may holdings at 80.15. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.78%. Stochastics %K at 36.31% indicates the stock is a holding.
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.
The most recent change occurred on July 15, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $40.
