Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Credo Technology Group Holding Ltd shares valued at $1,812,814 were sold by Cheng Chi Fung on Apr 04 ’25. At $32.96 per share, Cheng Chi Fung sold 55,000 shares. The insider’s holdings dropped to 7,938,602 shares worth approximately $343.5 million following the completion of this transaction.
Also, CHENG HUANG FAMILY TRUST purchased 550,000 shares, netting a total of over 20,427,000 in proceeds.
Before that, Lam Yat Tung had sold 10,000 shares from its account. In a trade valued at $430,759, the Chief Operating Officer traded Credo Technology Group Holding Ltd shares for $43.08 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $120.83 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 surge of approximately 0.53%. Over the course of the year, Credo Technology Group Holding Ltd shares have dropped approximately -35.62%. Shares of the company reached a 52-week high of $86.69 on 01/22/25 and a 52-week low of $29.09 on 04/07/25. A 50-day SMA is recorded $54.85, while a 200-day SMA reached $46.19.
Support And Resistance Levels for Credo Technology Group Holding Ltd (CRDO)
According to the 24-hour chart, there is a support level at 37.63, which, if violated, would cause prices to drop to 31.98. In the upper region, resistance lies at 46.60. The next price resistance is at 49.92. RSI (Relative Strength Index) is 47.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.54, which suggests the price will decrease in the coming days. Percent R is at 34.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
