CR
CRDO
-6.3%⚪ No clear catalystCredo Technology Group Holding Ltd Ordinary Shares · Technology
$188.15Vol 4.74M · 1.4× normalMkt cap −$2.39Blive · 2026-10-13 ET
What happened
Move
-6.3%
Price
$188.15
Volume
4.74M
1.4× normal
Market cap
$35.36B
−$2.39B today
Why it moved
Product announcementlow confidence
- Credo Technology Group To Unveil Its OmniConnect Weaver Memory Fanout Gearbox On AMD Versal AI Edge Series Gen 2 Adaptive SoC Evaluation Board — finnhub-news
- Credo Launches Short-Reach Micro-Emitter Optics (SRMO) Standardization for AI Data Center Scale-Up and Scale-Out Applications — finnhub-news
Weak signal: product announcement, 5.6pp below its sector.
Verdict — was the move justified?
⚪ No clear catalyst
No reliable catalyst was identified for this move.
How unusual is this move
σ score
1.8σ
vs own 20d volatility
Percentile
84th
of 1180 daily moves
Avg daily move
±3.6%
own 5y average
vs sector
-5.6%
beyond sector median
What happened after similar moves
123 similar down moves in CRDO’s 5-year history:
After 5 days
+4.3%
59% higher
After 20 days
+11.0%
65% higher
Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.
Fundamental context
V 40G 50P 100H 100Q 43
Insider activity (90d): net selling $6.09M
Valuation context
P/E (TTM)
70.1
5y median 143.5
P/E percentile
15%
vs own 2y history
FCF yield
0.0%
Trading cheaper than 85% of its own historical valuation range.
Full fundamental analysis on PreMarketPrice
Pillar scores, financial statements, valuation history, news & more for CRDO