Wolfspeed (WOLF) shares ended the last trading session 7.9% higher at $23.94. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.8% loss over the past four weeks.Wolfspeed has evolved into a pure-play silicon carbide provider through portfolio optimization initiatives that concluded with the sale of its RF business. It expects to be one of the top silicon carbide device suppliers over the next five years thanks to ...

Why Wolfspeed Stock Rallied 10% Today Bigc Studio / Shutterstock.com Wolfspeed (NYSE: WOLF) was one of the best performers on Wall Street today. The stock climbed as high as 10% to finally end the session just below $25 per share. While that’s still a far cry from its 52-week high of $70, Wolfspeed investors aren’t complaining after watching shares slashed in half year-to-date. The Durham, North Carolina-based company, whose silicon carbide technology is used in EVs around the world, is reportedly the tar ...

Scott Ostfeld, managing partner and portfolio manager with JANA Partners LLC., speaks during the 13D Monitor's Active-Passive Investor Summit in New York City, U.S., October 17, 2023.Activist investor Jana Partners has a built a "significant" position in semiconductor firm Wolfspeed and is calling on the company to resolve a "staggering erosion of shareholder value," up to and including a sale.The activist disclosed the position in a Monday letter to Wolfspeed's board viewed by CNBC, where it wrote that the ...

Swing traders looking to grab a quick profit should turn their eyes toward semiconductor specialist Wolfspeed (NYSE:WOLF). Offering silicon carbide and other critical materials necessary to produce components for the radio frequency and power industries, WOLF stock essentially represents a stagehand investment: It’s not the headline act, but it keeps the show running.However, Wolfspeed is financially volatile. For example, in the second quarter of 2023, the company posted a loss per share of 42 cents. That ...

Wolfspeed Inc (NYSE:WOLF) stock is down 4.9% to trade at $26.38 at last check, after a downgrade from Wells Fargo to "equal weight" from "overweight," and a price-target cut to $30 from $55. The analyst in coverage noted weaker-than-expected demand for silicon carbide devices, higher supplies, and the company's lack of profitability.The security has struggled with a ceiling at the $30 level since February, while pressure from its 60-day moving average has been in place since January. While the shares manage ...

Wolfspeed (WOLF) closed the latest trading day at $26.08, indicating a +0.19% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.65%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.96%.Shares of the maker of energy-efficient lighting have depreciated by 7.1% over the course of the past month, underperforming the Computer and Technology sector's gain of 2.19% and the S&P 500's gain of 3.27%.The upcoming earnings release of Wolfspeed ...

The latest trading session saw Wolfspeed (WOLF) ending at $28.07, denoting a +0.32% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.41%.Shares of the maker of energy-efficient lighting witnessed a loss of 3.58% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.42% and the S&P 500's gain of 2.7%.The upcoming earnings release of Wolfspeed will ...

Wolfspeed signs first apprentice for Registered Apprenticeship Program to support workforce development for its Mohawk Valley Fab HANOVER, Md., March 4, 2024 /PRNewswire/ -- Today the National Institute for Innovation and Technology and the United States Department of Labor (USDOL) applauded U.S. semiconductor manufacturing company Wolfspeed for the establishment of its New York Registered Apprenticeship Program (RAP). As the nation's leader in semiconductor talent pipeline development, the Institute serves ...

A month has gone by since the last earnings report for Wolfspeed (WOLF) . Shares have lost about 7.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Wolfspeed due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wolfspeed Reports Loss in Q2 Earnings, Revenues Up Y/Y ...

Wolfspeed (WOLF) closed the latest trading day at $26.02, indicating a +1.84% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.52%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Coming into today, shares of the maker of energy-efficient lighting had lost 21.51% in the past month. In that same time, the Computer and Technology sector gained 1.9%, while the S&P 500 gained 3.85%.The invest ...