Why Wolfspeed Stock Skyrocketed Today

Are company insiders betting on a massive turnaround for Wolfspeed stock?Wolfspeed (WOLF 31.06%) stock posted explosive gains in Friday's trading. The company's share price ended the day's trading up 31% and had been up as much as 35.4% earlier in the daily session.Wolfspeed stock gained ground in conjunction with news about the compensation for executive chairman Thomas Werner and filings with the Securities and Exchange Commission (SEC) showing that insiders had recently acquired shares. In addition to th ...