On October 14, Credo Technology Group Holding Ltd fell 5.3% in Regular Trading, trading around $188.2 per share, with turnover of $5.0 billion.
The move coincided with a disclosed planned insider sale by executive Cheng Huang and continued weakness across semiconductor stocks.
Public filings showed Cheng Huang planned to sell 192,500 ordinary shares on October 13, with a disclosed market value of about $38.66 million. At the same time, the semiconductor sector remained under pressure, with Micron Technology falling 1.91%, NVIDIA falling 2.42%, Advanced Micro Devices falling 4.14%, Intel falling 2.73%, and Taiwan Semiconductor Manufacturing falling 2.35%, reinforcing downside pressure on Credo Technology Group Holding Ltd.
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