Reported 17 days ago
Super Micro Computer's stock price surged after the Nasdaq announced an extension for the company to meet its listing requirements until February 25, alleviating fears of a potential delisting due to accounting practice concerns. Following an independent investigation that found no misconduct, Supermicro expects to file its annual report by the deadline, which would prevent delisting. This news follows a year of stock volatility, with shares increasing over 50% in value this year.
Source: YAHOO