Super Micro Soars 30% as Review Clears Fraud Concerns
TL;DR Summary
Supermicro's stock surged nearly 30% after an independent review cleared the company of accounting misconduct, alleviating fears of a Nasdaq delisting. The stock has rebounded significantly from its March lows, supported by high trading volumes. Key resistance levels to watch are $50, $64, and $97, while major support levels are at $30 and $23.
Topics:business#accounting-review#finance#stock-surge#supermicro#support-and-resistance#technical-analysis
- Supermicro Stock Price Levels to Watch After Monday's Near-30% Surge Investopedia
- Super Micro pops nearly 30% after special committee finds no 'evidence of misconduct' CNBC
- Super Micro Computer Shares Spike 29% After Company Says Review Found ‘No Evidence’ Of Fraud Forbes
- Super Micro to hire new CFO, says independent review finds no evidence of fraud Yahoo Finance
- Super Micro Stock: New Month, Same Fears Barron's
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