Credo Technology Group Holding Ltd ( (CRDO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Credo Technology Group Holding Ltd. has seen its stock price decline despite strong financial growth and increased quarterly revenue and profit. The drop is primarily due to negative insider sentiment, as many insiders have been selling their shares. This insider activity has overshadowed the positive analyst consensus and raised price targets. The company’s strategic partnerships, including those with Oracle, and recent equity distribution agreements are crucial to its market strategy.
More about Credo Technology Group Holding Ltd
YTD Price Performance: 111.34%
Average Trading Volume: 5,205,666
Technical Sentiment Signal: Buy
Current Market Cap: $24.02B
For further insights into CRDO stock on TipRanks’ Stock Analysis page.
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