The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Credo Technology Group Holding Ltd shares valued at $6,112,575 were sold by Lam Yat Tung on Feb 26 ’25. At $61.13 per share, Lam Yat Tung sold 100,000 shares. The insider’s holdings dropped to 1,000,000 shares worth approximately $46.73 million following the completion of this transaction.
Also, Lam Yat Tung sold 10,000 shares, netting a total of over 618,111 in proceeds. Following the sale of shares at $61.81 each, the insider now holds 2,815,621 shares.
Before that, Evelyn Job & April Foundation had added 25,000 shares to its account. In a trade valued at $1,669,500, the Director bought Credo Technology Group Holding Ltd shares for $66.78 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 drop of approximately -23.76%. Over the course of the year, Credo Technology Group Holding Ltd shares have dropped approximately -30.47%. Shares of the company reached a 52-week high of $86.69 on 01/22/25 and a 52-week low of $43.90 on 03/05/25. A 50-day SMA is recorded $69.50, while a 200-day SMA reached $43.87.
Support And Resistance Levels for Credo Technology Group Holding Ltd (CRDO)
According to the 24-hour chart, there is a support level at 44.25, which, if violated, would cause prices to drop to 41.77. In the upper region, resistance lies at 48.86. The next price resistance is at 50.99. RSI (Relative Strength Index) is 33.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.22, which suggests the price will decrease in the coming days. Percent R is at 91.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
