Spreadtrum (SPRD) Sees Weakness
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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.
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