SMCI Stock Records a -5.22% Shift, Riding on bearish Momentum
Date: Dec 27, 2024 (Friday)
open : $33.25
close : $31.98
low : $31.64
high : $33.55
previous close: $33.74
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On Dec 27, 2024 (Friday), SUPER MICRO COMPUTER, INC. (SMCI) in the technology sector showed bearish momentum of -5.22% w.r.t previous day's close. The stock belongs to the hardware industry within the technology sector.
The stock opened with a gap down at $33.25, compared to the previous close of $33.74 (a gap down of -1.45%).
The stock hit a high of $33.55 and a low of $31.64, creating a trading range of $1.91. The price movement for the day was -3.82% lower than the opening price.
The stock experienced a substantial drop in trading activity, trading 31,598,533 shares, which is 60.13% lower than the average of 79,258,020 shares, like a sharp decrease in volume compared to its usual levels. This decline indicates reduced market participation or a lack of significant news to drive interest.
The stock showed high volatility (5.97%) with a wide trading range and a large movement (the stock surged from $31.64 to $33.55).
Even though the market is bullish, the stock closed lower—kind of going against the flow.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.