Reported 26 days ago
Super Micro Computer's stock dropped over 14% as the resignation of auditing firm Ernst & Young wiped out all of its year-to-date gains. Following the report that EY had quit during the audit due to concerns about management's representations, several analysts downgraded the stock. The company, under scrutiny for alleged accounting manipulation linked to Hindenburg Research, now faces a Department of Justice investigation.
Source: YAHOO