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Credo Technology Slumps to 225th in Trading Volume with $40.3 Million Turnover
Generated by AI AgentAinvest Volume Radar
Friday, Jun 20, 2025 8:00 pm ET1min read
On June 20, 2025,
(CRDO) experienced a significant decline in trading volume, with a total turnover of $40.3 million, marking a 51.26% decrease from the previous day. This placed at the 225th position in terms of trading volume for the day. The stock price of Credo Technology also decreased by 0.11%.Credo Technology Group Holding Ltd. has seen substantial insider selling activity recently. Director Tan Lip-Bu sold over $586 million worth of shares on June 13, 2025, and another $428 million on June 5, 2025. Additionally, Chief Legal Officer James Laufman sold 5,000 shares worth $425,351 on June 20, 2025. These transactions indicate significant liquidity moves by key insiders.
Tan Lip-Bu, who is also the CEO of Intel, sold 103,527 shares over June 12 and 13 for a total of $7.8 million. He also sold 171,473 shares, documented in a Form 4 filing with the U.S. Securities and Exchange Commission. Another insider, Chi Fung Cheng, sold 59,641 shares on June 5th at an average price of $74.96.
Despite the insider selling, Credo Technology has garnered attention from analysts. TD Cowen's Joshua Buchalter upgraded his fair value assessment on Credo stock to $95 per share, citing the company's strong position in the data center connectivity solutions market and the growing demand for artificial intelligence (AI) technologies. Buchalter also maintained his buy rating on the stock, highlighting Credo's high-growth and high-margin business model.
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