Wolfspeed (WOLF) Soars 38.6%: Is Further Upside Left in the Stock?

Wolfspeed (WOLF) shares soared 38.6% in the last trading session to close at $6.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 38.6% loss over the past four weeks.Wolfspeed is benefiting from its transformation into a pure-play silicon carbide provider through portfolio optimization, including the sale of its RF business. It has also recently completed an offering of 27.8 million shares, raising approximately $200 million to ...