Credo Technology Group Holding Ltd’s recently made public that its Chief Operating Officer Lam Yat Tung unloaded Company’s shares for reported $0.45 million on Mar 26 ’25. In the deal valued at $45.23 per share,10,000 shares were sold. As a result of this transaction, Lam Yat Tung now holds 2,802,447 shares worth roughly $113.53 million.
Then, Cheng Chi Fung sold 55,000 shares, generating $2,737,138 in total proceeds. Upon selling the shares at $49.77, the Chief Technology Officer now owns 8,048,602 shares.
Before that, DZHS COMMUNITY PROPERTY TRUST bought 7,500 shares. Credo Technology Group Holding Ltd shares valued at $373,571 were divested by the Former Director at a price of $49.81 per share.
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 fall -4.53% to $40.51. Over the last five days, the stock has lost -12.58%. Credo Technology Group Holding Ltd shares have fallen nearly -39.73% since the year began. Nevertheless, the stocks have risen 87.03% 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 $60.67, while 200 days put it at $45.78.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 39.61, which if violated will result in even more drops to 38.72. On the upside, there is a resistance level at 41.97. A further resistance level may holdings at 43.43. The Relative Strength Index (RSI) on the 14-day chart is 37.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.66%. Stochastics %K at 31.40% 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 2025-03-14, growing by 2.43 million shares to a total of 10.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 7.72 million shares. There was a rise of 23.94%, 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.
