Why SMCI stock price is crashing again
Specifically, around 8:30 AM EST on November 29, SMCI shares plunged 10% within minutes, only to partially rebound and form something of a cup-and-handle pattern, leading them to their press time price near $32, per the data retrieved from Robinhood (NASDAQ: HOOD) on Friday.
JP Morgan Issues Underweight Rating for Super Micro Computer Inc (SMCI) Stock
JP Morgan has recently reduced Super Micro Computer Inc (SMCI) stock to Underweight rating, as announced on November 6, 2024, according to Finviz. Earlier, on October 31, 2024, Argus had reduced the stock from a Buy to Hold.
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Super Micro Computer saw its stock skyrocket 65% in a week, but faces a potential delisting scare and technical challenges.
View Super Micro Computer, Inc. (SMCI) current and estimated P/E ratio data provided by Seeking Alpha.
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