Super Micro Stock Dips Amid Hindenburg's 'Accounting Manipulation' Claims

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Super Micro Stock Dips Amid Hindenburg's 'Accounting Manipulation' Claims. 💻 Super Micro Computer (SMCI) shares dropped over 2% on Tuesday following a report by Hindenburg Research, which accused the company of "accounting manipulation" and other issues. Hindenburg, which has taken a short position in Super Micro, highlighted alleged accounting red flags and undisclosed related party transactions. Yahoo Finance reports.

🖥️ GlitchGuard: CrowdStrike earnings to shed light on fallout from global Windows outage. Reuters reports.

🛑 MetaPressure: Mark Zuckerberg says White House ‘pressured’ Meta to ‘censor’ Covid-19 content. CNBC reports.

🖥️ HPChip: US to award HP $50 million for semiconductor tech project. Reuters reports.

📱 TelePfiz: Pfizer, joining Lilly, enters the direct-to-consumer market with a telehealth and prescription platform. Yahoo Finance reports.

🎮 PlayBoost: Sony hikes price of ageing PlayStation 5 console in Japan by 19%. CNBC reports.

📈 BoardHertz: Hertz boosts board size to 11 with two new members. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $BSLK: Bolt Projects Holdings
Total gain: +90.82%

2. $JBDI: JBDI Holdings
Total gain: +49.4%

3. $SVRE: Saverone 2014
Total gain: +36.11%

4. $BNZI: Banzai International
Total gain: +32.84%

5. $SNES: SenesTech
Total gain: +31.31%

*Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our Risk Management educator.

How to Trade Wedges

I use wedges all the time. Wedges are basically channels – that's the easiest way to put it. A wedge is a channel where the lower trendline is present, but within the upward-sloping or downward-sloping channel, there's also a second trendline. Somewhere inside the channel, market prices start to take the asset you’re looking at parabolic in one direction. What I mean by that is a more aggressive trend starts to emerge inside the trend you’re already observing.

Wedges are trading channels either sloping upwards or downwards, but with one small difference from traditional channels. The key difference that makes them a wedge is that either their upper trendline or lower trendline converges with the opposite line within the channel.

The closing price of the top three market percent gainers trading near or above $3 on August 27.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $VOXX: VOXX International
Total gain: +68.77%
The company announced that its board of directors is conducting an exploration of strategic alternatives as part of its ongoing efforts to maximize shareholder value. In this process, the board will consider a wide range of options for VOXX, including a potential sale of the company, the sale of specific segments, operational improvements, or other strategic transactions. Benzinga reports.

2. $ADXN: Addex Therapeutics
Total gain: +51.17%
Addex Therapeutics and Indivior PLC announced the selection of clinical candidates from their GABAB positive allosteric modulator research collaboration. Indivior has chosen a compound for further development in treating substance use disorder and will now assume responsibility for all future development of this selected compound. Benzinga reports.

3. $NAMSW: NewAmsterdam Pharma
Total gain: +26.51%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


NVDA: NVIDIA
2Q 2025
After Market Close
Estimate: 0.570
Actual: N/A

CRWD: CrowdStrike Holdings
2Q 2025
After Market Close
Estimate: 0.970
Actual: N/A

CRM: Salesforce
2Q 2025
After Market Close
Estimate: 2.110
Actual: N/A

Time (ET) / Report / Period

1:15 am - Fed Governor Christopher Waller speech in India on payments
6:00 pm - Atlanta Fed President Raphael Bostic speech

“Every successful trader I know ultimately ended up with a trading plan, rules, and guidelines to guide their decisions.”

― Jack D. SchwagerSourced in:
“Market Wizards: Interviews with Top Traders”, by Jack D. Schwager, published
in 1989