Super Micro stock rises almost 30% after misconduct allegations are scotched
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Super Micro Computer Inc's stock surged nearly 30% after a special committee found no evidence of misconduct and appointed Kenneth Cheung as chief accounting officer.
December 03, 2024 | 8:45 am
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Super Micro's stock rose nearly 30% after a special committee found no misconduct and appointed a new chief accounting officer.
The dismissal of misconduct allegations and the appointment of a new chief accounting officer are positive developments, leading to a significant stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100