Battlegroud Spreadtrum (SPRD) Sees Early Pressure
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Shares of Spreadtrum Communications Inc. (Nasdaq: SPRD) are seeing pressure in early action on a negative newsletter mention.
Spreadtrum is the latest target of Muddy Waters, which has exposed a number of China stock frauds. However, after falling on the firm's initial report, the stock has rallied back strongly as Muddy Water Carson Block backed-off his attack, saying the company may yet prove themselves.
Shares of Spreadtrum are down 4 percent today.
Spreadtrum is the latest target of Muddy Waters, which has exposed a number of China stock frauds. However, after falling on the firm's initial report, the stock has rallied back strongly as Muddy Water Carson Block backed-off his attack, saying the company may yet prove themselves.
Shares of Spreadtrum are down 4 percent today.
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