Supermicro (SMCI), a prominent player in the GPU-as-a-Service sphere and a leading retailer of liquid-cooled AI racks, is experiencing a veritable onslaught of insider selling at the moment, with the company's CFO becoming the latest officer to dump a significant portion of his holdings. To wit, Supermicro's CFO David Weigand has now liquidated 67,000 shares, equivalent to 43 percent of his erstwhile share holdings, at an average price of $44.02 per share. After this significant liquidation, Weigand now owns 88,599 shares. Of course, an elevated level of insider selling is often indicative of management's internal calculus that a company's share […]
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