Why Wolfspeed Stock Is Skyrocketing Today
(NYSE: WOLF) stock is seeing explosive gains in Tuesday's trading. The silicon-carbide (SiC) chip specialist's share price was up 42.9% as of 3 p.m. ET and had been up as much as 59.7% earlier in the session.
Wolfspeed's valuation is rocketing higher today following an announcement that approval for its restructuring plan has been granted in bankruptcy court. Despite the huge pop, the stock is still down approximately 73.5% year to date.
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Source Fool.com
