Credo Technology Group Holding Ltd’s recently made public that its Chief Technology Officer Cheng Chi Fung unloaded Company’s shares for reported $2.05 million on Apr 16 ’25. In the deal valued at $37.29 per share,55,000 shares were sold. As a result of this transaction, Cheng Chi Fung now holds 7,828,602 shares worth roughly $286.76 million.
Then, Laufman James sold 8,000 shares, generating $312,720 in total proceeds. Upon selling the shares at $39.09, the Chief Legal Officer, Secretary now owns 271,725 shares.
Before that, Fleming Daniel W. sold 3,790 shares. Credo Technology Group Holding Ltd shares valued at $154,453 were divested by the Chief Financial Officer at a price of $40.75 per share. As a result of the transaction, Fleming Daniel W. now holds 608,602 shares, worth roughly $22.29 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 Thursday, Credo Technology Group Holding Ltd [NASDAQ:CRDO] saw its stock fall -2.89% to $36.63. Over the last five days, the stock has lost -4.21%. Credo Technology Group Holding Ltd shares have fallen nearly -45.50% since the year began. Nevertheless, the stocks have risen 89.01% 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 04/07/25. SMA at 50 days reached $51.02, while 200 days put it at $46.43.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 35.94, which if violated will result in even more drops to 35.25. On the upside, there is a resistance level at 37.54. A further resistance level may holdings at 38.46. The Relative Strength Index (RSI) on the 14-day chart is 40.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.91%. Stochastics %K at 55.82% 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 2025-03-31, growing by 1.82 million shares to a total of 10.64 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 8.82 million shares. There was a rise of 17.11%, 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.
