Movement Alert｜Credo Technology Falls 5.65% in Regular Trading, Optical Communication Sector Under Broad Selling Pressure

Market Focus07-13 21:57

On July 13, Credo Technology fell 5.65% in regular trading, trading at $239.875/share, with turnover of $319 million. The decline came as the broader optical communication sector experienced a collective selloff.

On the news front, U.S.-listed optical communication stocks saw widespread declines, with Corning and Astera Labs falling over 6%, Applied Optoelectronics and Credo dropping over 5%, and Lumentum, Ciena, and Coherent declining over 3%. The sector had shown pre-market weakness before the session began. The pullback follows a period of sustained gains driven by AI data center high-speed interconnection demand, with the sector now experiencing notable profit-taking.

Additionally, a Form 144 filing revealed that a director-related account, CHENG HUANG FAMILY TRUST, plans to sell 275,000 shares of common stock valued at approximately $73 million through Morgan Stanley Smith Barney on NASDAQ, adding further pressure to market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114495453?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-13 21:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114495453","market":"us","top_or_hot":-1,"title":"Movement Alert｜Credo Technology Falls 5.65% in Regular Trading, Optical Communication Sector Under Broad Selling Pressure","media":"Market Focus","content":"<p><p>On July 13, Credo Technology fell 5.65% in regular trading, trading at $239.875/share, with turnover of $319 million. The decline came as the broader optical communication sector experienced a collective selloff.</p><p>On the news front, U.S.-listed optical communication stocks saw widespread declines, with Corning and Astera Labs falling over 6%, Applied Optoelectronics and Credo dropping over 5%, and Lumentum, Ciena, and Coherent declining over 3%. The sector had shown pre-market weakness before the session began. The pullback follows a period of sustained gains driven by AI data center high-speed interconnection demand, with the sector now experiencing notable profit-taking.</p><p>Additionally, a Form 144 filing revealed that a director-related account, CHENG HUANG FAMILY TRUST, plans to sell 275,000 shares of common stock valued at approximately $73 million through Morgan Stanley Smith Barney on NASDAQ, adding further pressure to market sentiment.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Credo Technology Falls 5.65% in Regular Trading, Optical Communication Sector Under Broad Selling Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Credo Technology Falls 5.65% in Regular Trading, Optical Communication Sector Under Broad Selling Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-13 21:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 13, Credo Technology fell 5.65% in regular trading, trading at $239.875/share, with turnover of $319 million. The decline came as the broader optical communication sector experienced a collective selloff.</p><p>On the news front, U.S.-listed optical communication stocks saw widespread declines, with Corning and Astera Labs falling over 6%, Applied Optoelectronics and Credo dropping over 5%, and Lumentum, Ciena, and Coherent declining over 3%. The sector had shown pre-market weakness before the session began. The pullback follows a period of sustained gains driven by AI data center high-speed interconnection demand, with the sector now experiencing notable profit-taking.</p><p>Additionally, a Form 144 filing revealed that a director-related account, CHENG HUANG FAMILY TRUST, plans to sell 275,000 shares of common stock valued at approximately $73 million through Morgan Stanley Smith Barney on NASDAQ, adding further pressure to market sentiment.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRDO","symbol_name":"Credo Technology Group Holding Ltd","start_time":0,"source_url":"","article_id":"1114495453","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114495453","pubTimestamp":1783951021,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 13, Credo Technology fell 5.65% in regular trading, trading at $239.875/share, with turnover of $319 million. The decline came as the broader optical communication sector experienced a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRDO":"Credo Technology Group Holding Ltd"},"translate_title":"走势提醒|Credo Technology常规交易下跌5.65%，光通信板块面临广泛抛售压力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRDO":1},"content_text":"On July 13, Credo Technology fell 5.65% in regular trading, trading at $239.875/share, with turnover of $319 million. The decline came as the broader optical communication sector experienced a collective selloff.On the news front, U.S.-listed optical communication stocks saw widespread declines, with Corning and Astera Labs falling over 6%, Applied Optoelectronics and Credo dropping over 5%, and Lumentum, Ciena, and Coherent declining over 3%. The sector had shown pre-market weakness before the session began. The pullback follows a period of sustained gains driven by AI data center high-speed interconnection demand, with the sector now experiencing notable profit-taking.Additionally, a Form 144 filing revealed that a director-related account, CHENG HUANG FAMILY TRUST, plans to sell 275,000 shares of common stock valued at approximately $73 million through Morgan Stanley Smith Barney on NASDAQ, adding further pressure to market sentiment.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114495453","isCrawlerRequest":true}