Credo Technology Shares Rise 1.71% on $350M Trading Volume Ranks 254th in Market Activity

Credo Technology (CRDO) rose 1.71% on August 18, 2025, with a trading volume of $0.35 billion, ranking 254th in market activity. Unusual options activity highlighted mixed sentiment, with 41% of traders showing bullish and 41% bearish tendencies. Notable trades included call options with strike prices ranging from $65 to $175, valued up to $1.3 million, and put options targeting $125 at $103,500. Analysts from Susquehanna and Mizuho maintained positive ratings, with price targets of $115 and $135, respectively.

The company reported Q2 earnings of $0.35 per share, exceeding estimates by $0.08, while revenue surged 179.6% year-over-year. Despite a high P/E ratio of 439.37—well above sector and market averages—analysts highlighted 353.85% projected earnings growth for the coming year. Institutional ownership remains strong at 80.46%, though insider selling totaled $113 million in the past three months. Short interest decreased by 6.35%, signaling improving investor confidence.

Media sentiment analysis showed a neutral-to-positive score of 1.18, outperforming the 0.75 sector average. Recent news coverage increased by 42% compared to a typical week, reflecting heightened market attention. The stock has gained 76.4% year-to-date, trading at $118.57, and faces a projected earnings report in 16 days. No dividend is currently distributed, aligning with its focus on reinvestment and growth.

The backtested strategy of purchasing top 500 volume stocks and holding for one day yielded a 23.4% cumulative return from 2022 to 2025, generating $2,340 in profit. This modest performance reflects market volatility and the conservative approach of the strategy.