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 experienced recent stock price movements due to the settlement of patent infringement disputes, which initially led to a 5.6% rise in stock price. However, despite these positive developments, insider sentiment remains negative, highlighted by increased insider selling, including a notable sale by Director Lip Bu Tan. Analysts still maintain a strong buy consensus, but the average price target indicates a potential downside from the current levels.
More about Credo Technology Group Holding Ltd
YTD Price Performance: 67.40%
Average Trading Volume: 5,130,031
Technical Sentiment Signal: Buy
Current Market Cap: $20.04B
For further insights into CRDO stock on TipRanks’ Stock Analysis page.
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