Super Micro Faces Delisting Threat Amid Stock Slump
TL;DR Summary
Super Micro Computer's stock continues to decline after announcing a delay in filing its quarterly financial report due to auditor resignation and governance issues. The stock has lost over half its value since late October, with key support levels at $17 and $12, and resistance levels at $23 and $30. The stock's technical indicators suggest bearish momentum, but an oversold condition may lead to a potential bounce.
Topics:business#finance#financial-report#nasdaq#stock-market#super-micro-computer#technical-analysis
- Super Micro Computer Price Levels to Watch as Stock's Slump Accelerates Investopedia
- SMCI Stock Could Get Delisted. What to Consider If You Own Super Micro. Barron's
- Super Micro Computer Risks Nasdaq Delisting The Wall Street Journal
- Super Micro’s stock falls further as it faces new hurdle with filing deadlines MarketWatch
- Will Super Micro Stock Be Delisted? Forbes
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