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 shares came under pressure after options traders piled into bearish bets, with put trading roughly double normal levels and the put‑to‑call ratio nearing 1.8. This surge in demand for downside protection, alongside rising implied volatility in at‑the‑money options, signals that the market is bracing for sharp moves around the company’s upcoming earnings release. In response, analysts have begun to adjust their price targets, revisiting their outlooks in light of the near‑term earnings risk, the choppy broader market, and recent company‑specific developments, adding further uncertainty for investors watching the stock.
More about Credo Technology Group Holding Ltd
YTD Price Performance: 12.16%
Average Trading Volume: 6,042,446
Technical Sentiment Signal: Buy
Current Market Cap: $28.19B
For further insights into CRDO stock on TipRanks’ Stock Analysis page.
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