Credo Technology Group Holding Ltd. (CRDO) Soars 8.3%: Is Further Upside Left in the Stock?
Credo Technology (CRDO) Zacks Investment Research·2024-01-23 01:06
Credo Technology Group Holding Ltd. (CRDO) shares ended the last trading session 8.3% higher at $20.78. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.6% loss over the past four weeks.The surge in price can be attributed to the company's projected growth in revenues and gross margin, as outlined in its guidance. Additionally, the company's actual performance, aligning with its projections, serves as another fact ...