Super Micro (SMCI) stock slips after ops-chief retirement filing; what traders watch next
Super Micro Computer shares fell 1.4% to $29.65 Tuesday after an SEC filing revealed its operations chief will retire at year-end, with an engineering executive set to take over. The company said outgoing SVP George Kao will stay on as a consultant during the transition. Investors await an amended filing on Kao’s consulting terms and the next quarterly update after Dec. 31. About 21.2 million shares traded hands.