Super Micro Stock Surges on New Auditor and Nasdaq Compliance Plan
TL;DR
Super Micro Computer's stock surged in premarket trading after the company appointed a new auditor, BDO USA, and submitted a compliance plan to Nasdaq to avoid delisting. The stock, which had lost over half its value due to accounting issues and delisting fears, rose 25% to around $27. Investors are advised to watch key resistance levels at $30, $39, and $64, and a support level at $23, as the stock's relative strength index moves out of oversold territory, indicating potential for further gains.
- Supermicro Price Levels to Watch As Stock Soars Following Plan to Avoid Delisting Investopedia
- Why Super Micro Computer Stock Jumped Today Yahoo Finance
- Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing CNBC
- Super Micro Shares Jump on Compliance Plan, New Auditor Bloomberg
- Super Micro Computer stock keeps going up after 11th-hour bid to avoid Nasdaq delisting Fast Company
Want the full story? Read the original reporting
Read on Investopedia