Key Takeaways
- Supermicro's shares were up more than 30% in recent trading, extending a wild year that has seen both dramatic highs and steep declines.
- The company late yesterday issued a much-awaited announcement, naming a new auditor and filing a plan to avoid delisting by the Nasdaq.
- Despite today's jump, the stock is down 75% from its all-time highs in March.
Shares of Super Micro ⭕Computer are flying today, though nowhere near their highs.
The server maker’s shares were recently up more than 30% in Tuesday trading, extending a wild year that has seen both dramatic hi🍎ghs and steep declines.
What’s behind the move? Supermicro (SMCI) late yesterday issued 澳洲幸运5开奖号码历史查询:a much-awaited announcement, naming a new auditor and filing a plan to avoid delisting b✃y the Nasdaq—which was itself necessitated by the company’s fa﷽ilure to file its annual report on time. (The plan still requires approval from the Nasdaq, Mizuho analysts noted Tuesday.)
Today’s jump is the latest swing for a stock that has seen a whipsaw 2024. Aided by AI-fueled enthusiasm, the stock—which finished last year just below $29—jumped above $120 in March; earlier this month, amid ongoing concerns about issues related to the filing, its accounting and 🔴related matters, it traded bel🧸ow $18.
Along the way, the company was named to the 澳洲幸运5开奖号码历史查询:benchmark S&P 500 index and 澳洲幸运5开奖号码历史查询:split its shares 10-for-1. At rece💜nt prices, it’s roughly in the neighborhood of break-even for the year so far.
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