Supermicro Shares Soar as It Looks to Avoid Being Delisted. Is Now a Good Time to Buy the Beaten-Down Stock?
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Super Micro Computer (SMCI) shares have experienced significant volatility this year, initially rising before declining due to a short report from Hindenburg Research alleging accounting manipulation. The company is now working to avoid being delisted.
November 23, 2024 | 4:30 pm
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Super Micro Computer's stock has been volatile, with recent declines following a short report alleging accounting manipulation. The company is working to avoid delisting.
The short report from Hindenburg Research has negatively impacted SMCI's stock price due to allegations of accounting manipulation. The company's efforts to avoid delisting are crucial, but the negative sentiment from the report is likely to weigh on the stock in the short term.
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