Independent Review Finds No Misconduct, Super Micro (SMCI.US) Shares Soar
Monday, Dec 2, 2024 5:20 pm ET
1min read Super Micro Computer (SMCI.US) shares jumped 28.72% on Monday to close at $42 after an independent committee appointed by the board of directors released the findings of its investigation into the company's financial accounts. The investigation found no evidence of fraud or wrongdoing, which was a positive development that helped to offset some of the losses from Friday when the stock fell 6.9%.
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