{
  "id": 10459768,
  "title": "Why is Credo Technology stock sliding today?",
  "url": "https://urgent.news/2026/09/28/why-is-credo-technology-stock-sliding-today",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T14:11:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/why-is-credo-technology-stock-sliding-today-93CH-4920667"
  },
  "original_language": "en",
  "account": "Shares of Credo Technology (CRDO) are experiencing a decline in today's trading session, with the stock falling 6.7% to $196.94. This downward move comes after an opening price of $205.70 and follows a pattern of insider selling by the company's co-founder and Chief Technology Officer. The disclosure of a Form 4 filing, which details insider selling activity on September 26, 2026, has reignited concerns about the confidence of key executives in the company. This insider selling has been a recurring theme for CRDO in recent weeks, with multiple filings documenting open-market sales by the CTO's Cheng Huang Family Trust across various price levels. The stock has been under pressure following a sharp post-earnings selloff in early September, which saw shares drop by 18-20% in a single session. This recent dip has been further fueled by analyst price target reductions and the broader market context, with both the NASDAQ and S&P 500 down by 0.7% and 0.5% respectively. The weakness in the technology sector as a whole is also adding to the pressure on CRDO, as the NASDAQ is down 0.7%, the S&P 500 is off by 0.5%, and the Dow Jones is lower by 0.4%. Despite these challenges, the long-term AI infrastructure story for Credo Technology, bolstered by its ZeroFlap optics and AEC product lines, remains intact.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}