Shares of Super Micro Computer, Inc. (SMCI) have experienced a significant surge, with a year-to-date increase of over 60% after a 263% rise in 2023. The company's stock continued to climb, gaining $10 in after-hours trading. Among 800 companies with a market capitalization of over $10 billion, SMCI stands out as the only one trading 50% above its 50-day moving average (dma) and 90% above its 200-day moving average (dma). Blackrock, the largest institutional holder of SMCI, has further increased its stake by adding 558,756 shares, now holding a total of 6.38 million shares, representing 11.5% of the outstanding shares. This accumulation of shares by Blackrock coincides with a 53% increase in SMCI's stock price over the last four trading days, culminating in a one-year gain exceeding 500%. Additionally, SMCI's recent performance has made it the largest component of the S&P MidCap 400, with a potential upgrade to the S&P 500 expected at the next rebalance in mid-March, which may trigger index buying.
With its recent move higher, $SMCI is now the largest component in the S&P MidCap 400. It seems very likely that it will be moved up to the S&P 500 at the next rebalance in mid- March. Index buying incoming. $SPY $SPMD $VOO https://t.co/lKkKynhKBi
$SMCI Blackrock, already the largest institutional holder, increased its stake even bigger in Q4. It now holds total 6.38M+ shs, 11.5% of O/S after added another 558,756 shares. $SMCI up 53% in the last 4 trading days, and now +500%+ in one year! https://t.co/aQ32VGue08 https://t.co/4pso1Ucx1x https://t.co/adzeUrNt1h
Out of 800 tickers with 10B+ in market cap, there is only one name that is trading 50% above it's 50dma. $SMCI Out of 800 tickers with 10B+ in market cap, there is only one name that is trading 90% about it's 200dma. $AFRM Extrapolate how you see fit.
$SMCI up $10 in after hours already.
$SMCI bulls +60% YTD after being up after being up 263% in 2023 https://t.co/2lysFclM4i https://t.co/lUz7LXNRxi