Spreadtrum Communications (SPRD) Sees Downside Action
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Traders are citing some negative rumblings about China-based Spreadtrum Communications Inc. (Nasdaq: SPRD), although nothing specific has surfaced.
Shares have been trading actively the past few sessions. While the stock is flat today it fell 11% yesterday.
With China-based companies being taken down one-by-one, it wouldn't be surprising if someone posted a negative blog on the company in the next few days.
Shares have been trading actively the past few sessions. While the stock is flat today it fell 11% yesterday.
With China-based companies being taken down one-by-one, it wouldn't be surprising if someone posted a negative blog on the company in the next few days.
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