Loading...
Market
What will be the percentage change in Super Micro Computer Inc. (SMCI) stock price by the end of 2024?
3
Resolution / Starting Odds
Increase by 20% or more • 25%
Increase by less than 20% • 25%
Decrease by less than 20% • 25%
Decrease by 20% or more • 25%
Publicly available stock market data from financial news websites like Bloomberg or Yahoo Finance
Story
Hindenburg Shorts Super Micro, Alleges Accounting Issues; Stock Falls 11%
Aug 27, 2024, 01:31 PM
Hindenburg Research has disclosed a short position in Super Micro Computer Inc. (SMCI), alleging accounting manipulation, sibling self-dealing, and sanctions evasion. The report claims fresh evidence of these activities, leading to a significant drop in Super Micro's stock price. The company's shares fell by as much as 11% pre-market, including a 9% premarket drop, following the release of the report. Hindenburg's investigation highlights concerns over accounting red flags, undisclosed related party transactions, and deteriorating product quality. The report has intensified scrutiny on Super Micro, a prominent player in the server equipment market.
View original story
Similar markets
Decrease by more than 10% • 25%
Change between -10% and +10% • 25%
Increase between 10% and 20% • 25%
Increase by more than 20% • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Below $20 • 25%
$20-$40 • 25%
$40-$60 • 25%
Above $60 • 25%
Above $100 • 25%
Between $80 and $100 • 25%
Between $60 and $80 • 25%
Below $60 • 25%
Above $100 • 25%
$80 - $100 • 25%
$60 - $80 • 25%
Below $60 • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Below $50 • 25%
$50 to $75 • 25%
$75 to $100 • 25%
Above $100 • 25%
Below $40 • 25%
$40 to $45 • 25%
$45 to $50 • 25%
Above $50 • 25%
Outperforms peers • 25%
Performs similarly to peers • 25%
Underperforms peers • 25%
Significantly underperforms peers • 25%
Above $50 • 25%
$40-$50 • 25%
$30-$40 • 25%
Below $30 • 25%
Below $20 • 25%
$20 to $25 • 25%
$25 to $30 • 25%
Above $30 • 25%