Supermicro Stock Extends Rally on Anticipation of Plan to Avoid Delisting
SMCISuper Micro Computer(SMCI) Investopedia·2024-11-18 23:35

Key TakeawaysSuper Micro Computer shares rose in early trading Monday, extending their rally on anticipation the tech company is preparing to submit a plan to avoid being delisted.Barron's reported Friday that Supermicro was on track to file a plan with the stock exchange by Monday to remain listed.The gains come after Supermicro shares lost ground in recent months as it was accused of "accounting manipulation" and delayed the filing of its annual report. Shares of Super Micro Computer (SMCI) climbed in ear ...