$SUPER MICRO COMPUTER INC(SMCI)$ What's my take on the stock offering? It seems like a clear distribution of shares at a high level. Once we break through the green box, we can only look for support around $814; $850 just won't hold.
$2M Stock Offering Drags SMCI Down to $850?
Super Micro stock fell 9% to close at 910.97 after the data center specialist announced a new stock offering. The company said it plans to sell 2 million additional shares of common stock, pushing its total shares outstanding to more than 58.5 million. ------------ How do you view the stock offering? Will SMCI dip more this week? What's your target price for SMCI?
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