The stock skyrocketed 27% on Tuesday to trade at $26.72, its highest level in two weeks, after the company announced Monday it would remain listed on the Nasdaq while the exchange reviews its compliance plan. The gains add to Monday's rally of over 15%.

Super Micro Computer Inc.’s stock is again leading the the S&P 500 index with a big surge that reflects growing investor confidence about the company’s ability to get back on track with its filing requirements.

Super Micro Computer shares jumped in premarket trading on Tuesday after the beleaguered server maker said it has appointed a new auditor and submitted a compliance plan with Nasdaq to meet its listing requirements.

Super Micro announced the appointment of BDO USA as its independent auditor, effective immediately, less than a month after Ernst & Young resigned after it raised concerns about the company's governance,

Super Micro Computer (SMCI) has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors. The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30,

Super Micro said on Monday that it hired BDO as its independent auditor. The stock, which as cratered since peaking in March, rose 23% in extended trading, continuing its rally from earlier in the day.