Super Micro Computer (SMCI) Stock Tumbles: Shares Drop Sharply in Nasdaq Trading
NEW YORK, NY – Shares of Super Micro Computer Inc. (NASDAQ: SMCI) experienced a significant downturn in trading today, April 10th. The technology company’s stock was seen trading at 34.15 USD, marking a substantial decline of 2.56 USD, or 6.97%, according to market data timestamped at 11:33 AM GMT-4.
This downward move places the stock considerably below its previous closing price of 36.71 USD. The intraday chart clearly illustrates selling pressure, showing a consistent slide from the opening bell. SMCI opened the session at 35.09 USD and reached a high of 35.48 USD before trending lower towards its current price, which is near the day’s low of 34.06 USD recorded so far.
The sharp drop today contrasts with the stock’s performance over the past year, which saw it reach a 52-week high of 102.03 USD. Investors are closely watching the server and storage technology provider’s shares amid the current market volatility.
