Credo Technology Group Holding Ltd’s recent filing unveils that its Chief Technology Officer Cheng Chi Fung unloaded Company’s shares for reported $5.06 million on Jul 07 ’25. In the deal valued at $91.94 per share,55,000 shares were sold. As a result of this transaction, Cheng Chi Fung now holds 7,328,961 shares worth roughly $722.05 million.
Then, CHENG HUANG FAMILY TRUST bought 550,000 shares, generating $51,485,500 in total proceeds.
Before that, Cheng Chi Fung sold 55,000 shares. Credo Technology Group Holding Ltd shares valued at $5,095,582 were divested by the Chief Technology Officer at a price of $92.65 per share. As a result of the transaction, Cheng Chi Fung now holds 7,383,961 shares, worth roughly $727.47 million.
TD Cowen reiterated its Credo Technology Group Holding Ltd [CRDO] rating to a Buy in a research note published on June 18, 2025; the price target was $95. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early June has reiterated a ‘”a Buy”‘ rating for it. Susquehanna also remained covering CRDO and has increased its forecast on March 10, 2025 with a “Positive” recommendation from previously “Neutral” rating. Susquehanna started covering the stock on December 17, 2024. It rated CRDO as “a Neutral”.
Price Performance Review of CRDO
On Friday, Credo Technology Group Holding Ltd [NASDAQ:CRDO] saw its stock jump 1.26% to $98.52. Over the last five days, the stock has gained 5.25%. Credo Technology Group Holding Ltd shares have risen nearly 213.36% since the year began. Nevertheless, the stocks have risen 46.59% over the past one year. While a 52-week high of $99.36 was reached on 07/11/25, a 52-week low of $22.50 was recorded on 04/07/25.
Levels Of Support And Resistance For CRDO Stock
The 24-hour chart illustrates a support level at 95.84, which if violated will result in even more drops to 93.15. On the upside, there is a resistance level at 100.67. A further resistance level may holdings at 102.81.
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 2025-06-13, dropping by -1.9 million shares to a total of 7.63 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 9.53 million shares. There was a decline of -24.85%, which implies that there is a negative sentiment for the stock.
