Wolfspeed Stock News

Woflspeed (WOLF 16.67%) stock scored another round of huge gains Thursday. The silicon carbide (SiC) specialist's share price rocketed 16.7% higher in the daily session.

Shares of Wolfspeed (WOLF 11.97%) are jumping on Wednesday, up 11.1% as of 2:04 p.m. E.T. The spike comes as the S&P 500 and Nasdaq Composite gained 0.5% and 0.9%, respectively.

With shares up by more than 1,600% since late September, Wolfspeed (WOLF 1.99%) looks like the quintessential comeback story after it emerged from Chapter 11 bankruptcy protection.

Wolfspeed (WOLF -0.41%), a leading maker of silicon carbide (SiC) and gallium nitride (GaN) chips, filed for bankruptcy protection on June 30 as its sales stalled out, its losses widened, and its debt levels spiraled. On that dark day, its stock closed at a record low of $0.39.

Wolfspeed (WOLF) endured a tough stretch, but with the company emerging from bankruptcy, hope is anew. Its newly issued shares skyrocketed higher on their first day of trading, but investors who owned shares prior to the company emerging from bankruptcy came back with a lot fewer of the new shares.

Wolfspeed (WOLF) stock has seen some major changes in the last couple of days. Some investors were jumping for joy when they saw reports that the stock had jumped more than 1,600% yesterday, only to find that when they checked their portfolios, they were down -- a lot.

Shares of Wolfspeed (WOLF -14.25%) are sinking on Wednesday, down 12.1% as of 1:35 p.m. E.T. The drop comes as the S&P 500 and Nasdaq Composite have both gained modestly.

Silicon carbide semiconductor solutions provider Wolfspeed has emerged from bankruptcy, with an improved balance sheet and lower debt service obligations. In accordance with the plan of reorganization, the company's common equity was cancelled. However, legacy equity holders received a small amount of new common shares. Following an initial selloff on Monday, amid investor confusion, shares man...