“Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It’s A Big Sell Signal.”
April 25, 2024
“…The San Jose, Calif.-based company says it plans to release its fiscal third-quarter results on April 30 after the market close. However, unlike in recent quarters, it didn’t offer an early look at its results.
On the stock market today, SMCI stock dived 23.1% to close at 713.65. With the move, it gapped below its 50-day moving average line, a key support level, in above-average trading volume. SMCI stock had been holding to that level during the recent market turmoil…”