Intel’s (INTC) newly appointed CEO, Lip-Bu Tan, has been systematically offloading his position in Credo Technology (CRDO), raising eyebrows amid Wall Street’s bullish sentiment on the semiconductor stock. Over a span of just two weeks in June, Tan executed four major sell orders totaling more than $26.5 million worth of shares.
The selling spree began June 5 with 75,000 shares sold at $75.20 each, followed by another roughly 103,000 shares on June 12 between $75.33 and $76.05 per share. Tan’s largest transaction occurred on June 16, when he dumped 171,473 shares an average of roughly $77.80 each.
