quantic69
- Super Micro Computer stock was down 25% last Wednesday (Oct. 30).
- The company reported that its auditor has resigned.
- This is yet another sentiment anchor weighing on the stock.
Super Micro Computer (NASDAQ:SMCI) is crashing Wednesday as the company’s ongoing saga after delaying the filing of its 10-K has culminated in its auditor resigning. With the company’s earnings report scheduled for just one week from today, this is a blow for investors hoping financial results would take the spotlight. I continue to rate SMCI a Sell.
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