Super Micro Computer Is Taking A Breath, The Run-Up Should Continue
Super Micro ComputerSuper Micro Computer(US:SMCI) Seeking Alpha·2024-02-20 02:14
Jasmin Merdan/Moment via Getty Images The first question that comes to mind after this huge run-up in share price is whether Super Micro Computer (NASDAQ:SMCI) still has gas in the tank to continue appreciating in value. Since January 2023, the stock has returned 2.23x before pulling back -20% on February 16, 2024. A -20% pull on share price should raise an alarm bell for any prudent investor; however, looking at the recently filed Form 4, it appears that Don Clegg, SVP of Sales sold a large block going ...