Reported 2 days ago
Wolfspeed's stock is experiencing a significant drop of 10.4% due to profit-taking after recent gains, despite the company still being up 68% over the past month. The stock is impacted by meme stock trading dynamics and a corporate restructuring that will reduce 70% of its debt, but current shareholders risk owning only 3% to 5% of the new company. Analysts recommend caution for potential investors as Wolfspeed's challenges related to weak demand and negative margins persist.
Source: YAHOO