Super Micro board member buys over $1 million in stock after 600% yearly surge
Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.
Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares SMCI Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.
