Shares of Super Micro Computer are flying today, though nowhere nea🍌r their highs.

The server maker’s shares were recently up more thaಌn 30% in Tuesday trading, extending a wild year thatꦜ has seen both dramatic highs and steep declines.

What’s behind the move? Supermicro (SMCI) late yesterday issued 澳洲幸运5官方开奖结果体彩网:a much-awaited announcement, naming a new audit๊or and filing a plan to avoid delisting by the Nasdaq—which was itself necessitated by the company’s failure to file its annual report on time. (The plan still requires approval from the Nasdaq, Mizuho analysts noted Tuesday.)

Today’s jump is the latest swing for a stock that has seen a whipsaw 2024. Aided by AI-fueled enthusiasm, the stock—which finished last year just below $29—jumped above $120 in March; earlier this month, amid ongoing concerns about issues related to the filing, its accounting and related matꩲters, it traded below $18.

Along the way, the company was named to the 澳洲幸运5官方开奖结果体彩网:benchmark S&P 500 index and 澳洲幸运5官方开奖结果体彩网:split its shares 10-for-1. At recent prices, it’s roughly in the neighborhood of break-even for the yea𒊎r so far.