Options Market Statistics: SMCI Shares Tumble Nearly 7% on Black Friday; Options Pop
$SUPER MICRO COMPUTER INC(SMCI)$
As it strives to avoid delisting from the Nasdaq due to delayed financial filings, its stock has become a favored target for day traders. The company's shares have exhibited extreme fluctuations, joining an exclusive group of stocks that have alternated between being the S&P 500's top performer and its worst in consecutive days. Notably, Super Micro's stock has swung by 10% or more in either direction on more than half of the trading days this month.
Despite taking steps to resolve its listing issues, Super Micro faces ongoing challenges. The company's financials are currently under review by BDO after Ernst & Young's resignation, potentially leading to further delays in meeting filing deadlines. Until these uncertainties are addressed, the stock is expected to continue its volatile trajectory.
On Friday, shares of $ZIM Integrated Shipping Services Ltd.(ZIM)$
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