Spreadtrum Communications, Inc (NASDAQ:
SPRD) shares are well off their lows, down some 10% as Wall Street banks are defending the name.
Earlier today, Muddy Waters put out a negative report on the company and shares plunged on the news.
At last check, shares were off $1.30 to $11.65, a loss of 10.03% on over 20 million shares, more than 10 times the average daily volume.
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