Though Supermicro has offered investors some signs of a turnaround in recent weeks, the company just got another bit of negative news last week: It will be exiting the Nasdaq 100 Index as of Dec. 23. This is part of the index's rebalancing, a time when certain stocks are added or removed.

Super Micro Computer shares slumped Monday morning as the stock felt the impact of a pair of headlines that came out after the bell Friday, including a potential capital raise and the stock's removal from the Nasdaq 100 Index.

Super Micro Computer stock was pointing higher early Wednesday and look like they’re stabilizing after falling sharply. That’s the good news… the bad news is that it could take weeks for a catalyst to send shares sharply higher again.