Why Is Wolfspeed Stock Soaring Today?
Key Points Volatility continues for Wolfspeed stock after its emergence from Chapter 11 protection late last month. The restructuring allowed Wolfspeed to slash its total debt by 70% and debt payments by 60%. 10 stocks we like better than Wolfspeed › Shares of Wolfspeed (NYSE: WOLF) 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. The embattled chipmaker exited Chapter 11 protection after successfully ne ...