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Super Micro Computer Cleared of Misconduct, Options Bulls Respond
SMCISuper Micro Computer(SMCI) Schaeffers Investment Research·2024-12-03 17:15

Super Micro Computer Inc (NASDAQ:SMCI) stock added a whopping 28.7% last session, after the server company said a review committee found no evidence of fraud or misconduct among its leaders. This follows Ernst & Young's resignation as its auditor over governance and board independence disagreements, which preceded the shares' Oct. 30 bear gap of 32.7%.SMCI was last seen trading near breakeven at $41.65, and still sports a healthy 46.5% year-to-date lead. The security is bouncing off a Nov. 15, 52-week low o ...