Credo (NASDAQ:CRDO) dives 21% from record, crushing AI rally volume
Credo Technology Group Holding Ltd dropped 11.2% to $238.00 on Friday. Volume was the striking number, with about 38.51 million shares traded, topping the combined 34.76 million from Monday to Thursday, according to WSJ/FactSet data. The largest turnover landed on the day shares fell, not the stock’s recent record day. The stock touched $308.67 Monday before finishing at $302.52. By Friday's close, shares had fallen 21.3% from that record finish. With 186.48 million shares outstanding, MarketWatch said the stock lost about $12.0 billion in equity value from Monday’s close.