Monster insider trading alert for SMCI stock
Super Micro Computer(SMCI) Finbold·2024-10-30 16:21
Super Micro Computer Inc. (NASDAQ: SMCI) seems to be in the midst of a catastrophe. In March, the stock hit an all-time high (ATH) of $118 — at that point, SMCI stock was up 332% on a year-to-date (YTD) basis, bringing returns over the past two years up to an impressive 2,500%. Then, disaster struck. Renowned, feared, and above all aptly-named short selling activist group Hindenburg Research released a report on August 27, which alleged widespread and far-reaching accounting fraud, export control failures, ...