Spreadtrum (SPRD) Sees Weakness
Tweet
Share
E-mailGet Alerts SPRD Hot Sheet
Join SI Premium – FREE
Battleground stock Spreadtrum Communications (Nasdaq: SPRD) is seeing notable weakness this morning.
Spreadtrum was the latest target of China-fraud spotters Muddy Waters. After sinking after Muddy Waters came out negative, shares rallied back strongly as Muddy's Carson Block backed-off from his initial attack, saying the company may yet prove themselves.
There is speculation Muddy Waters could issue a follow-up report shortly.
Shares are down 5.5% today to $15.35.
Spreadtrum was the latest target of China-fraud spotters Muddy Waters. After sinking after Muddy Waters came out negative, shares rallied back strongly as Muddy's Carson Block backed-off from his initial attack, saying the company may yet prove themselves.
There is speculation Muddy Waters could issue a follow-up report shortly.
Shares are down 5.5% today to $15.35.
Create E-mail Alert Related Categories
Trader TalkRelated Entities
Muddy Waters LLCSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
