Super Micro Computer, Inc.
|Company Name||Super Micro Computer, Inc.|
On January 10, 2023, Spruce Point Capital Management released a report expressing "grave concerns about the accuracy of [Super Micro's] financial reporting and sustainability of its recent stock price performance." The report alleged, among other things, that the Company and its CEO “have a troubling history that recently resulted in delinquent filings, financial restatements, and a delisting of its shares.”
On this news, Super Micro’s stock price fell $6.40, or 7.6%, to close at $78.37 per share on January 10, 2023, thereby injuring investors.
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