Movement Alert｜Credo Technology Intraday Decline 5.06% in Regular Trading, Pre-Earnings Profit-Taking Triggers Pullback After Strong Rebound

Market Focus

Jun 01

On June 1, Credo Technology fell 5.06% in regular trading, trading at $233.64/share, with trading volume of approximately $680 million.

On the news front, the company is scheduled to release its quarterly earnings report after market close today, with market consensus expecting revenue of approximately $432 million, representing a 169.77% year-over-year increase, and adjusted earnings per share of $1.03, up 273.01% year-over-year. The stock had previously declined over 20% across six consecutive trading days due to insider selling and profit-taking in the optical communications sector, before staging a significant multi-day rebound from oversold levels starting May 19. Ahead of the official earnings release, intensified market positioning and short-term profit-taking pressure weighed on shares.

Within the Semiconductors sector, Micron Technology up 5.39%, NVIDIA up 4.81%, Advanced Micro Devices down 2.89%, Intel down 4.33%, Broadcom up 1.11%.

(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.

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