Credo Technology Group Holding Ltd shares fell 8.11 percent on Monday to close at $236.88 apiece as renewed US-Iran tensions and a CFO share sale weighed on the stock. The decline came after President Donald Trump reinstated the Iranian blockade and ordered strikes against Tehran following an attack on two UAE tankers in Omani waters that killed one crew member. Trump said US forces would safeguard other nations' ships transiting the Strait in exchange for a 20-percent reimbursement for patrol and security costs. The selloff also followed a regulatory filing showing CFO Daniel Fleming sold 7,580 shares last Wednesday at prices between $240.6083 and $249.6092, totaling $1.86 million, under a trading plan adopted in January 2026.
Credo Technology Group Holding LtdRenewed US-Iran tensions and strikes weigh on market sentiment