Super Micro’s stock surges as company names a new auditor. What to watch next.
The company still faces many unknowns, but an analyst expects Nasdaq approval for Super Micro’s filing plan in two to five weeks.
Super Micro stock surges 27% after the company files plan to avoid Nasdaq delisting
The stock skyrocketed 27% on Tuesday to trade at $26.72, its highest level in two weeks, after the company announced Monday it would remain listed on the Nasdaq while the exchange reviews its compliance plan. The gains add to Monday's rally of over 15%.
Super Micro stock surges as company files plan to avoid Nasdaq delisting
Super Micro Computer met a deadline Monday to avoid delisting from the Nasdaq after delaying prior financial statements.
Super Micro Stock Surges After Company Submits Plan to Stay Listed on Nasdaq
Super Micro Computer (SMCI) shares jumped, boosted by news the server company has submitted a plan to stayed listed on the Nasdaq, after it missed deadlines to file financial reports. Shares surged nearly 40% in premarket trading.
Super Micro Stock Pops After Company Submits Plan to Stay Listed on Nasdaq
Super Micro Computer (SMCI) has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors. The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30,
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