Credo Technology Group Holding Ltd’s filing revealed that its Director ACEVEDO SYLVIA acquired Company’s shares for reported $0.31 million on Mar 07 ’25. In the deal valued at $41.98 per share,7,500 shares were bought.
Then, ACEVEDO SYLVIA bought 24,791 shares, generating $1,029,838 in total proceeds.
Before that, William Joseph Brennan bought 143,880 shares. Credo Technology Group Holding Ltd shares valued at $6,723,512 were divested by the Officer at a price of $46.73 per share.
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 3.87% to $43.70. Over the last five days, the stock has lost -20.80%. Credo Technology Group Holding Ltd shares have fallen nearly -34.98% since the year began. Nevertheless, the stocks have risen 110.30% 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 03/07/25. SMA at 50 days reached $68.50, while 200 days put it at $44.11.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 40.67, which if violated will result in even more drops to 37.63. On the upside, there is a resistance level at 45.54. A further resistance level may holdings at 47.37. The Relative Strength Index (RSI) on the 14-day chart is 32.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.67%. Stochastics %K at 8.62% indicates the stock is a buying.
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.
