Stock Of The Day: How Low Can SMCI Go In Its Freefall?
SMCISuper Micro Computer(SMCI) Benzinga·2024-08-28 23:54

Shares of Super Micro Computer, Inc. SMCI are getting pummeled. A research firm has alleged that the company illegally manipulated its accounting records, along with other improprieties.Whether or not these allegations are true remains to be seen. But the stock is in a freefall and many traders and investors are wondering where it will end. This is why our team of trading experts has made it our “Stock of the Day.”If the shares keep heading lower there is a good chance the selloff ends or pauses around $355 ...