Shares of Super Micro Computer, the server maker that is at risk of being delisted from the Nasdaq because it is late infiling its earnings, were gaining early Friday.
The stock jumped 15.6% to $34.34 after clocking a 15% gain on Thursday. Coming into Friday’s session, the shares have risen 60% over the past five days, but are still down 37% over the past three months.
It has been a roller-coaster week for the company, which chip maker Nvidia listed as a business partner in its earnings this week. Shares of Super Micro surged at the start of the week after it announced ithad a planfor filing earnings and had hired a new auditor. They fell the following day, but staged another rally the day after that.
The Nasdaq requires publicly traded companies to file audited accounts in a timely fashion, so the delay could mean Super Micro will be delisted.
Stock options show traders expect prices for Super Micro, which trades under the ticker SMCI, to remain volatile for weeks.
Super Micro became a target of short seller Hindenburg Research earlier this year. It hired BDO as an auditor after EY resigned in late October.
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