Spreadtrum Communications Back To Unchanged

Spreadtrum Communications, Inc SPRD shares are now back to unchanged, despite being down nearly 30% earlier in the session after Muddy Waters came out with a negative research report on the company. Over 26 million shares have been traded today, which is thirteen times the average daily volume in the name. At last check, shares were up 2 cents to $12.97, well off the lows of $8.59 once the report was released to the public.