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Super Micro Stock Keeps Slipping. A Delisting Deadline Looms
Shares of Super Micro Computer were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock is about 5.6% lower to $23.15 in premarket trading, while futures tracking the S&P 500 are up 0.4%. Shares have declined three out of the past four days, according to Dow Jones Market Data. Shares have dropped 19% this month and are on track for their worst year since 2018.On Aug. 7, the stock fell 20%, a day after deteriorating profit margins overshadowed a strong sales forecast for fiscal 2025. But that was just the beginning. Later that month, a report from short seller Hindenburg Research alleged it "found glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.". In September, CEO Charles Liang addressed some of the issues weighing on the stock, including the short-seller report, which he said "contains false or inaccurate statements about our company
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