Credo Tech's $570M Volume Surges to 172th Rank as Exec Sells Shares Amid Mixed Investor Sentiment

On August 20, 2025, Credo Technology (CRDO) traded with a daily volume of $570 million, ranking 172nd among listed stocks. The share price closed down 0.29%, reflecting mixed investor sentiment amid corporate governance updates.

A Form 4 filing revealed Chief Legal Officer James Laufman sold 7,379 ordinary shares at $106.30 apiece to settle tax obligations tied to restricted stock unit (RSU) vesting. The transaction, executed on August 19, reduced his direct beneficial ownership to 242,284 shares. The filing also disclosed Laufman’s acquisition of 317 shares via an employee stock purchase plan at 85% of the December 31, 2024 fair market value. Regulatory filings emphasized the transaction was mechanically driven by compensation tax rules rather than discretionary market activity.

Market analysts noted the insider sale could raise short-term concerns despite being routine in nature. While the volume represents a small portion of Laufman’s holdings, the timing near year-end tax periods often attracts investor scrutiny. The filing fully complied with Section 16 reporting standards and included no indications of undisclosed related-party activity or reporting errors.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. This indicates the strategy captured some short-term momentum but also reflected market volatility and potential timing risks.