Credo Technology Group ($CRDO) Stock Forecast: Up 7.0% Today

What is Credo Technology Group?

Credo Technology Group (NASDAQ: CRDO) is a technology company that has seen a strong bullish movement in the stock market today.

Why is Credo Technology Group going up?

CRDO stock is up 7.0% on Feb 21, 2025 14:36

• The decrease in CRDO's short percent of float by 10.51% indicates a positive sentiment among investors.
• With only 4.94% of all regular shares available for trading being sold short, there is a potential for increased buying pressure on the stock.
• This bullish movement could be attributed to growing confidence in Credo Technology Group's business prospects and potential future growth.

CRDO Price Chart

CRDO Technical Analysis

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Is the Market Bullish or Bearish on Credo Technology Group? - Credo Technology Group ( NASDAQ:CRDO )

Credo Technology Group's CRDO short percent of float has fallen 10.51% since its last report. The company recently reported that it has 6.96 million shares sold short, which is 4.94% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/02/43863413/is-the-market-bullish-or-bearish-on-credo-technology-group

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Credo Technology Group Price History

17.00.2025 - CRDO Stock was up 5.2%

• The increase in short percent of float by 11.15% indicates a growing bearish sentiment among investors.
• Despite the bearish options activity highlighted by high-rolling investors, the stock managed to defy expectations and surged in a bullish manner.
• This unexpected bullish movement could be attributed to positive news, strong financial performance, or market speculation that outweighed the bearish indicators.

27.11.2024 - CRDO Stock was down 5.1%

• CRDO's bearish movement could be due to profit-taking by investors after a recent surge in the stock price.
• The comparison with IBM's performance might have highlighted potential weaknesses in CRDO's financials or growth prospects, leading to a sell-off.
• Market sentiment towards tech stocks as a whole could have shifted, causing investors to reevaluate their positions in CRDO and similar companies.

02.00.2025 - CRDO Stock was up 5.2%

• High-rolling investors positioning themselves bearish on CRDO in the options market may have expected a different outcome, but were surprised by the bullish movement.
• The decrease in Credo Technology Group's short interest could have contributed to a short squeeze scenario, pushing the stock price higher as short sellers rushed to cover their positions.
• The combination of unexpected bullish market sentiment and reduced short interest likely fueled the significant upward movement in CRDO's stock price today.

13.11.2024 - CRDO Stock was up 8.3%

• The bullish movement in CRDO could be attributed to the options frenzy among deep-pocketed investors, indicating a positive sentiment towards the company.
• The overall positive market sentiment towards tech stocks might have also contributed to the bullish movement in CRDO.
• The general upward trend in big stocks on Friday could have created a positive momentum in the market, benefiting CRDO as well.

21.01.2025 - CRDO Stock was up 7.0%

• The decrease in CRDO's short percent of float by 10.51% indicates a positive sentiment among investors.
• With only 4.94% of all regular shares available for trading being sold short, there is a potential for increased buying pressure on the stock.
• This bullish movement could be attributed to growing confidence in Credo Technology Group's business prospects and potential future growth.

08.00.2025 - CRDO Stock was down 5.9%

• The bearish movement in CRDO today could be attributed to high-rolling investors positioning themselves bearish on the stock in the options market.
• Despite the company's strong portfolio and long-term potential, the negative sentiment from these investors might have influenced the stock's downward movement.
• Retail traders should take note of this bearish stance and monitor how it may impact CRDO's performance in the near future.

09.11.2024 - CRDO Stock was down 8.5%

• Deep-pocketed investors have adopted a bullish approach towards CRDO, but despite this, the stock saw a bearish movement.
• Surging earnings estimates and positive momentum signals were indicating potential upside for CRDO in the near term.
• The comparison with AudioEye (AEYE) in the same sector did not seem to have a direct impact on CRDO's bearish movement.
• The discrepancy between the positive market sentiment and the actual bearish movement of CRDO could be attributed to broader market conditions or unexpected news affecting the stock negatively.

16.00.2025 - CRDO Stock was up 5.2%

• Despite some prominent investors taking a bearish stance on CRDO, the stock displayed a significant uptrend, suggesting a possible inconsistency between options activity and market behavior.
• Retail traders are advised to be mindful of this discrepancy and to perform comprehensive evaluations prior to basing investment choices solely on options information.
• The rise in CRDO could possibly be linked to favorable developments, robust financial results, or prevailing market sentiment that overshadowed the reported bearish options activity.

06.11.2024 - CRDO Stock was up 5.1%

• The CRDO stock experienced a robust bullish movement recently.
• Second-quarter fiscal 2025 financial results of the company surpassed predictions.
• Following the positive results, analysts raised their forecasts for CRDO, resulting in a considerable surge in the stock price.
• Improved growth prospects for the remainder of the year have boosted investor confidence and propelled the stock upwards.

06.11.2024 - CRDO Stock was up 6.1%

• The surge in earnings estimates and the announcement of second-quarter fiscal 2025 financial results exceeding expectations have fueled investor optimism in CRDO.
• The positive momentum and potential as a top stock pick for momentum investors have attracted more buyers to CRDO shares.
• The outperformance of CRDO compared to other stocks in the computer and technology sector has also contributed to the bullish movement.
• Overall, the strong performance of CRDO can be attributed to positive market sentiment driven by solid financial results and growth prospects.

31.00.2025 - CRDO Stock was up 12.8%

• The surge in bullish options activity on Credo Technology Group indicates a high level of confidence and optimism among investors.
• The increased interest from investors with significant capital suggests a strong belief in the company's future growth prospects.
• This bullish movement could be attributed to positive developments within the company, such as strong financial performance or promising technological advancements.
• Overall, the options frenzy and bullish sentiment surrounding CRDO reflect a positive market outlook for the company.

14.01.2025 - CRDO Stock was down 10.5%

• Unusual options activity detected for CRDO with a significant amount of trades and money involved.
• The high volume of options trades may indicate speculative trading or hedging strategies by investors.
• The bearish movement in CRDO's stock price could be a result of profit-taking by investors who were previously bullish on the stock.
• The options activity may have added to the selling pressure on CRDO, leading to the bearish movement in the stock price.