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Stock impact report

Super Micro Computer Stock Has Soared Almost 100% in the Past Month. Is a Bigger Rally Coming? [Yahoo! Finance]

Super Micro Computer, Inc. (SMCI) 
Last super micro computer, inc. earnings: 8/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.supermicro.com/investor-relations
Company Research Source: Yahoo! Finance
Since plummeting to $18 a month ago, the stock has rallied in a big way -- almost doubling in value, closing at over $33 on Dec.17. Investor sentiment has done a complete reversal as concerns have seemingly evaporated about the company's auditor resigning (it has since found a new one), as well as around the state of its financials after it delayed filing it's annual report. As a result, the bulls are back. Shares of the tech company , however, are still down more than 70% from its 52-week high of $122.90. Given the renewed optimism surrounding the stock, could this be just the start of a much bigger rally? Trading activity has been picking up Not only has Supermicro's stock price been soaring of late, but trading volumes have also increased significantly. This can be a positive sign, putting the stock on the radar of more investors. SMCI 30-Day Average Daily Volume data by YCharts The stock's beaten-down price may also make it an appealing contrarian play, especially for in Show less Read more
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