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 $2,152,043 were sold by Cheng Chi Fung on Mar 31 ’25. At $39.13 per share, Cheng Chi Fung sold 55,000 shares. The insider’s holdings dropped to 7,993,602 shares worth approximately $344.04 million following the completion of this transaction.
Also, Lam Yat Tung sold 10,000 shares, netting a total of over 452,265 in proceeds. Following the sale of shares at $45.23 each, the insider now holds 2,802,447 shares.
Before that, Cheng Chi Fung had sold 55,000 shares from its account. In a trade valued at $2,737,138, the Chief Technology Officer traded Credo Technology Group Holding Ltd shares for $49.77 each. Upon closing the transaction, the insider’s holdings decreased to 55,000 shares, worth approximately $346.41 million.
As published in a research note from Susquehanna on March 10, 2025, Credo Technology Group Holding Ltd [CRDO] has been rated up from a Neutral to a Positive and the price target has been revised to $60. Analysts at Susquehanna started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of December 03, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for CRDO. Earlier on December 03, 2024, TD Cowen 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 -4.25%. Over the course of the year, Credo Technology Group Holding Ltd shares have dropped approximately -35.96%. Shares of the company reached a 52-week high of $86.69 on 01/22/25 and a 52-week low of $37.41 on 03/31/25. A 50-day SMA is recorded $58.43, while a 200-day SMA reached $45.97.
Support And Resistance Levels for Credo Technology Group Holding Ltd (CRDO)
According to the 24-hour chart, there is a support level at 40.46, which, if violated, would cause prices to drop to 37.87. In the upper region, resistance lies at 45.20. The next price resistance is at 47.35. RSI (Relative Strength Index) is 41.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.53, which suggests the price will decrease in the coming days. Percent R is at 57.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
