Key Takeaways The S&P 500 slipped 0.6% on Wednesday, Aug. 28. 2024, as tech stocks stumbled ahead of the afternoon's earnings release from Nvidia. Shares of Super Micro Computer plunged after the company said it would delay the filing of its annual report. Persistent inflation and restrained consumer spending weighed on shares of Bath & Body Works and J.M. Smucker. Major U.S. equities indexes moved lower on Wednesday as tech stocks underperformed ahead of the hotly anticipated earnings report from Nvidia (N ...

SAN DIEGO, Aug. 28, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Super Micro, Inc. (NASDAQ: SMCI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Super Micro securities? If you purchased securities and suffered losses ...

The stock price of American information technology giant Super Micro Computer (NASDAQ: SMCI) is experiencing a free fall as the company faces questions regarding its accounting practices. Indeed, the accusations have resulted in an adverse investor reaction, considering that they call into question its overall financial stability. By press time, SMCI was trading at $409, having corrected over 25% in the last 24 hours. On the weekly chart, the stock is down almost 35%. Notably, SMCI's inroads into the artifi ...

Key Takeaways Super Micro Computer shares plummeted during intraday trading on Wednesday. The server and data center tech maker announced it would be delaying the filing of its annual report with the Securities and Exchange Commission (SEC). The announcement of the delay comes after Hindenburg Research, an activist investment research firm focused on short selling, published a report that accused the company of accounting anomalies and disclosed a short position on Tuesday. Super Micro Computer (SMCI) share ...

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 $3 ...

Key Takeaways Super Micro Computer shares fell again Tuesday after Hindenburg Research disclosed a short position in the server maker and published a report that accuses the company of accounting anomalies, among other issues. The share price recently made a failed retest of a descending triangle's lower trendline, finding selling pressure near the 200-day moving average. Amid further weakness in Super Micro shares, investors should monitor key price levels on the chart at $479, $357, and $260. Super Micro ...

NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Super Micro Computer, Inc. ("Super Micro" or the "Company") (NASDAQ: SMCI) on behalf of Super Micro stockholders. Our investigation concerns whether Super Micro has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On August 27, 2024, Hindenburg Research issued a ...

SAN FRANCISCO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Super Micro Computer, Inc. (NASDAQ: SMCI) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/smci Contact the Firm Now: SMCI@hbsslaw.com 844-916-0895 Investigation Into Super Micro Computer, Inc. (SMCI): The investigation focuses on the propriety of Super Micro Computer's financi ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 27, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Super Micro, Inc. (NASDAQ: SMCI) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Super Micro, Inc. investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, ...

SAN DIEGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Super Micro, Inc. (NASDAQ: SMCI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Super Micro securities? If you purchased securities and suffered los ...