In a filing, Credo Technology Group Holding Ltd revealed its Chief Technology Officer Cheng Chi Fung unloaded Company’s shares for reported $2.64 million on May 02 ’25. In the deal valued at $48.02 per share,55,000 shares were sold. As a result of this transaction, Cheng Chi Fung now holds 7,663,602 shares worth roughly $467.17 million.
Then, DZHS COMMUNITY PROPERTY TRUST bought 13,333 shares, generating $653,633 in total proceeds.
Before that, Sutardja, Pantas sold 1,875 shares. Credo Technology Group Holding Ltd shares valued at $86,269 were divested by the Director at a price of $46.01 per share. As a result of the transaction, Sutardja, Pantas now holds 5,900,527 shares, worth roughly $359.7 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 fall -4.50% to $60.96. Over the last five days, the stock has gained 0.30%. Credo Technology Group Holding Ltd shares have fallen nearly -9.30% since the year began. Nevertheless, the stocks have risen 194.07% over the past one year. While a 52-week high of $86.69 was reached on 01/22/25, a 52-week low of $21.40 was recorded on 04/07/25. SMA at 50 days reached $47.61, while 200 days put it at $49.82.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 59.10, which if violated will result in even more drops to 57.23. On the upside, there is a resistance level at 62.94. A further resistance level may holdings at 64.91. The Relative Strength Index (RSI) on the 14-day chart is 63.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.37%. Stochastics %K at 76.18% indicates the stock is a holding.
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.
