On October 15, Credo Technology Group Holding Ltd fell 5.22% in Regular Trading, trading at $168.12 per share, with turnover of $133.0 million.
The move came as the semiconductor sector remained under pressure and a recently disclosed planned share sale by executive Cheng Huang continued to weigh on sentiment.
Recent filings showed Cheng Huang planned to sell 192,500 common shares, with an indicated market value of about $38.66 million. At the same time, semiconductor stocks were broadly lower, with Micron Technology falling 5.56%, NVIDIA falling 2.98%, Advanced Micro Devices falling 5.75%, Taiwan Semiconductor Manufacturing falling 4.17%, and Intel falling 5.51%, reinforcing sector-wide selling pressure on Credo Technology Group Holding Ltd.
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