Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.
Super Micro's selloff continued on Friday, with the stock dropping another 9%, bringing its losses for the week to 44%.
Super Micro, which is delayed in filing its latest annual report, says it will provide a"business update" for the most recent quarter on Tuesday, Election Day in the U.S.investors continued to rush the exits on Friday, pushing the stock down another 9% and bringing this week's selloff to 44%, after the data center company lost its second auditor in less than two years.The company's shares fell as low as $26.23, wiping out all of the gains for 2024. Shares had peaked at $118.
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