Credo Technology Group Holding Ltd’s filing revealed that its Chief Technology Officer Cheng Chi Fung unloaded Company’s shares for reported $2.19 million on Mar 10 ’25. In the deal valued at $39.75 per share,55,000 shares were sold. As a result of this transaction, Cheng Chi Fung now holds 8,158,602 shares worth roughly $401.0 million.
Then, ACEVEDO SYLVIA sold 32,291 shares, generating $1,343,629 in total proceeds. Upon selling the shares at $41.61, the Director now owns 21,433 shares.
Before that, Fleming Daniel W. sold 16,288 shares. Credo Technology Group Holding Ltd shares valued at $697,551 were divested by the Chief Financial Officer at a price of $42.83 per share. As a result of the transaction, Fleming Daniel W. now holds 617,312 shares, worth roughly $30.34 million.
Susquehanna upgraded its Credo Technology Group Holding Ltd [CRDO] rating to a Positive from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. BofA Securities also remained covering CRDO and has increased its forecast on December 03, 2024 with a “Buy” recommendation from previously “an Underperform” rating. TD Cowen 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 9.34% to $49.15. Over the last five days, the stock has gained 12.47%. Credo Technology Group Holding Ltd shares have fallen nearly -26.87% since the year began. Nevertheless, the stocks have risen 137.78% 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 03/10/25. SMA at 50 days reached $65.97, while 200 days put it at $44.74.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 47.17, which if violated will result in even more drops to 45.20. On the upside, there is a resistance level at 50.16. A further resistance level may holdings at 51.18. The Relative Strength Index (RSI) on the 14-day chart is 43.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.19%. Stochastics %K at 30.07% 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 2025-02-28, growing by 1.86 million shares to a total of 8.82 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 6.96 million shares. There was a rise of 21.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 03, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $70.
