Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Credo Technology Group Holding Ltd shares valued at $125,550 were sold by Sutardja, Pantas on Jan 31 ’25. At $66.96 per share, Sutardja, Pantas sold 1,875 shares. The insider’s holdings dropped to 5,902,402 shares worth approximately $469.77 million following the completion of this transaction.
Also, PANTAS SUTARDJA purchased 1,875 shares, netting a total of over 121,125 in proceeds.
Before that, Lam Yat Tung had sold 100,000 shares from its account. In a trade valued at $5,865,864, the Chief Operating Officer traded Credo Technology Group Holding Ltd shares for $58.66 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $0.0.
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 35.38%. Over the course of the year, Credo Technology Group Holding Ltd shares have jumped approximately 18.42%. Shares of the company reached a 52-week high of $86.69 on 01/22/25 and a 52-week low of $51.80 on 01/27/25. A 50-day SMA is recorded $68.10, while a 200-day SMA reached $39.33. Nevertheless, trading volume fell to 4.48 million shares from 5.0 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 75.78, which, if violated, would cause prices to drop to 71.97. In the upper region, resistance lies at 81.77. The next price resistance is at 83.95. RSI (Relative Strength Index) is 58.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.88, which suggests the price will increase in the coming days. Percent R is at 20.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
