Super Micro Stock Falls Back After Big Gain. Why There Could Be More Swings

Dow Jones11-20

Shares of Super Micro Computer, the server company closely tied to the semiconductor industry, were losing some ground early Wednesday after they jumped more than 31% the day before.

Super Micro Computer makes servers.

The reason for the big gain was the company’s plan to stay listed on the Nasdaq exchange. It has been late filing earnings and has only recently hired a new auditor to oversee its books.

Earlier this week, Super Micro said it should now be able to complete its forms for the fiscal year ended in June as well as for the third quarter. Its failure to file both those forms on time is what has put it at risk of being delisted from the Nasdaq.

The stock was down 3.1% at $27.39 in premarket trading. Coming into Wednesday’s session, it had lost 55% over the past 3 months but is up almost 40% in the past 5 days.

More volatility could lie ahead. Options activity implies that shares will move about 14% up or down in the coming weeks, just above the 13% average of the past 13 weeks, according to Dow Jones Market Data.

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Why There Could Be More Swings","media":"Dow Jones","content":"<html><head></head><body><p style=\"text-align: start;\">Shares of Super Micro Computer, the server company closely tied to the semiconductor industry, were losing some ground early Wednesday after they jumped more than 31% the day before.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c76e9d44e97067d1cecfcfdc531e2f9f\" title=\"Super Micro Computer makes servers.\" tg-width=\"946\" tg-height=\"634\"/><span>Super Micro Computer makes servers.</span></p><p style=\"text-align: start;\">The reason for the big gain was the company’s plan to stay listed on the Nasdaq exchange. It has been late filing earnings and has only recently hired a new auditor to oversee its books.</p><p>Earlier this week, Super Micro said it should now be able to complete its forms for the fiscal year ended in June as well as for the third quarter. 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