Reported 8 days ago
Supermicro's stock saw a significant surge of over 18% in extended trading after reports indicated the company plans to file its delayed annual report by Monday, potentially avoiding delisting from Nasdaq. Following a warning from Nasdaq regarding its delinquent report, Supermicro faced challenges due to regulatory concerns and allegations of accounting manipulation, leading to a 34% decline in its stock for the year.
Source: YAHOO