Wolfspeed, Inc. (WOLF)
| Previous Close | 22.57 |
| Open | 23.62 |
| Bid | 23.66 x 1100 |
| Ask | 23.67 x 1000 |
| Day's Range | 23.33 - 24.63 |
| 52 Week Range | 21.85 - 70.42 |
| Volume | |
| Avg. Volume | 4,873,624 |
| Market Cap | 2.97B |
| Beta (5Y Monthly) | 1.64 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -3.95 |
| Earnings Date | May 01, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 35.79 |
ZacksWolfspeed (WOLF) Moves 7.9% Higher: Will This Strength Last?
Wolfspeed (WOLF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Business WireWolfspeed Comments on Letter from JANA Partners
DURHAM, N.C., April 23, 2024--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today issued the following statement in response to the letter from JANA Partners ("JANA") to Wolfspeed’s Board of Directors:
ReutersActivist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives
NEW YORK (Reuters) -Activist investor Jana Partners is urging the world's largest maker of silicon carbide Wolfspeed Inc to explore all ways to improve shareholder value, including a potential sale, according to a letter reviewed by Reuters. Jana, which owns what it called a "significant" stake in Wolfspeed, wrote in the letter that it is high time for the 37-year old company with a market value of $2.8 billion to pursue "all avenues to improve WOLF's performance" and begin a "comprehensive review of strategic alternatives." "Such an exploration of alternatives could uncover numerous ways to highlight and realize value, including through a sale," the letter to the board of the Durham, North Carolina-headquartered company said.
