Wolfspeed stock surges on Tuesday after bankruptcy exit
Wolfspeed stock (WOLF) jumped as much as 50% on Tuesday before trimming gains after the chipmaker exited Chapter 11 bankruptcy with significantly less debt on its balance sheet. Shares of the maker of silicon carbide semiconductors, prized for their energy-efficient technology, have been on a wild ride after closing up 1,686% on Monday, placing the company on the Yahoo Finance trending tickers page. As part of its restructuring plan, the Durham, N.C.-based firm canceled its existing stock and issued ne ...