Rosen Law Firm Encourages Wolfspeed, Inc. Investors to Inquire About Securities Class Action Investigation - WOLF

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Wolfspeed, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Company Performance and Market Reaction - On November 6, 2024, Wolfspeed projected quarterly revenue below estimates, citing weak demand from automotive customers and announced $174 million in restructuring charges for a facility closure [3]. - Following this announcement, Wolfspeed's stock experienced a significant decline of 39% on November 7, 2024 [3]. Group 2: Legal Actions and Investor Rights - Investors who purchased Wolfspeed securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to the misleading information [2].