Super Micro Computer, Inc. (SMCI) has been on a remarkable run, with its shares climbing 45.1% in the year-to-date period. This performance has significantly outpaced the industry's return of 29.8%, the Zacks Computer and Technology sector's 15.5% gain and the S&P 500's 15.7% rally. Compared to its peers, SMCI stock has left incumbents like NetApp (NTAP) and Pure Storage (PSTG) behind, with these stocks returning 32.5% and 31.7%, respectively, in the same period. Such rapid gains naturally lead investors to ...

The analyst in coverage also cut its price objective to $500 from $950 Super Micro Computer Inc (NASDAQ:SMCI) stock is down 3.9% to trade at $398.39 at last check, after J.P. Morgan Securities downgraded it to "neutral" from "overweight" and lowered its price objective to $500 from $950. The firm cited the company's compliance issues. The shares attracted another aggressive bear note earlier this week, which knocked them to their lowest level since January amid resistance from the $650 level. Now pacing for ...

Few stocks have experienced a fall from grace as massive as the information technology giant Super Micro Computer (NASDAQ: SMCI). In fact, after being nothing short of a jaw-dropping performer in the first quarter of the year – and rising from $285 to about $1,200 between January and March – Supermicro entered a long period of decline. Late in August, the decline turned into a freefall. First, Hindenburg Research announced it had taken a short position against SMCI shares, alleging lackluster compliance and ...

SMCI Achieves 6.2% Gain Following TradePulse Power Inflow Signal TradePulse's latest Power Inflow alert indicated institutional volume is coming into Super Micro Computer SMCI, signaling a shift from net selling to buying. This shift is a key indicator of rising investor confidence and the potential for an uptrend in SMCI's stock. At 10:10 AM ET on August 27th, SMCI registered a Power Inflow at a price of $419. Following this signal, the stock reached its high point at 3:20 EDT, climbing over 25 points ($44 ...

Supermicro's stock has plummeted in just a month's time. Super Micro Computer (SMCI -2.10%) was one of this year's best-performing stocks, even outpacing Nvidia. However, it has fallen on hard times after a poorly received earnings report and a short-seller announcement. The stock now sits more than 60% off its all-time highs after combining these two factors and a general sell-off due to extreme valuation. With the stock now at this low point, many investors (including myself) may wonder whether shares mig ...

NEW YORK, Sept. 5, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Super Micro Computer, Inc. (NASDAQ: SMCI) between August 31, 2023 and August 28, 2024, both dates inclusive (the "Class Period"). A class lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 28, 2024 in the securities class action first filed by the Firm. So what: ...

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Super Micro Computer, Inc. ("Super Micro Computer, Inc." or the "Company") (NASDAQ: SMCI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Super Micro Computer, Inc. investors who were adversely affected by alleged securities fraud between February 2, 2021 and August 28, 2024. Follow the link below to get more information and be contacted by a member of our team: h ...

The stock has struggled following a weak earnings report and a short-selling report. Following the Labor Day holiday in the U.S., Super Micro Computer (SMCI -1.00%), or Supermicro as it is commonly called, responded to a recent short-selling report from Hindenburg Research. The company sent a letter to its customers and partners and put the letter in a filing with the SEC. The question is, should company's response ease investors' concerns? Short report and response Last week, Hindenburg -- which has a shor ...

SAN DIEGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Super Micro class action lawsuit – captioned Averza v. Super Micro Computer, Inc., No. 24-cv-06147 (N.D. Cal.) – charges Super Micro Computer, Inc. (NASDAQ: SMCI) and certain of Super Micro's top executives with violations of the Securities Exchange Act of 1934. Subsequently filed complaints are captioned Menditto v. Super Micro Computer, Inc., No. 24-cv-06149 (N.D. Cal.), and Spatz v. Super Micro Computer, Inc ...

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