November 18th, 8:00 PM, multiple stocks experienced significant movements in the U.S. after-hours trading session.
SUPER MICRO COMPUTER INC shares surged 36.95% in after-hours trading after the company submitted a compliance plan to the Nasdaq Capital Market.
Super Micro Computer has submitted a compliance plan to regain compliance with the Nasdaq Capital Market's listing requirements. The plan includes completing the annual report for the fiscal year ended June 30 and the quarterly report for the fiscal quarter ended Sept. 30. The company has also appointed BDO USA as its independent auditor. The announcement has led to a 15% increase in Super Micro Computer's shares in extended trading. CEO Charles Liang emphasized the importance of bringing the financial statements current and expressed confidence in BDO's capabilities. The compliance plan follows a delay in filing the annual 10-K report and allegations of accounting manipulation by Hindenburg Research.
Trump Media & Technology Group shares soared as the company announced plans to acquire cryptocurrency trading platform Bakkt, causing Bakkt's stock to skyrocket by 162.46%.
Trump Media & Technology Group is in deep negotiations with Bakkt, a move that has significantly boosted market interest. The potential acquisition is seen as a strategic expansion into the burgeoning cryptocurrency market, which has led to a substantial increase in both companies' stock prices.
Top 5 Gainers in After-Hours Trading Today
NOCO-NOCO: 54.64%
SUPER MICRO COMPUTER INC: 36.95%
VOLATO GROUP INC: 27.96%
Symbotic Inc.: 27.52%
HCW Biologics Inc.: 19.35%
Top 5 Decliners in After-Hours Trading Today
4D Molecular Therapeutics: -9.86%
Babcock & Wilcox Enterprises: -5.82%
Gap, Inc: -4.21%
Trump Media & Technology: -4.21%
Braskem SA: -3.73%Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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