Why Super Micro Computer Stock Is Skyrocketing Today
An investment firm thinks that Supermicro stock is poised to soar.
Why Super Micro Computer Stock Is Skyrocketing Today
Overview
Super Micro Computer (NASDAQ: SMCI) stock is surging today thanks to bullish analyst coverage. The company's share price had risen 15.3% as of 1:10 p.m. ET amid the backdrop of a 0.4% decline for the S&P 500 and a 1.2% drop for the Nasdaq Composite.
GF Securities published a new note on Supermicro before the market opened this morning, raising its rating on the stock from hold to buy. With today's big pop, the stock is now up roughly 21% across this year's trading.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
