SMCI Stock Alert: 2 Million Reasons Super Micro Computer Is Down Today

Super Micro Computer (NASDAQ:SMCI) stock is falling on Tuesday after the server and storage solutions company announced a proposed public offering for its shares.This offering has the company intending to sell 2 million shares of SMCI stock. It also includes a 30-day option for underwriters to acquire another 300,000 shares. Goldman Sachs & Co. LLC is the sole underwriter and sole book-running manager for the offering.Other details about the offering are still unknown. The company hasn’t announced when the ...