If You'd Invested $10,000 in Wolfspeed Stock 5 Years Ago, Here's How Much You'd Have Today
(NYSE: WOLF) stock has risen roughly 250% since the beginning of July on hopes that current shareholders could still come out ahead as the company moves forward with a major restructuring initiative. The silicon carbide (SiC) semiconductor specialist submitted preliminary filings for Chapter 11 bankruptcy protections at the end of June, and its share price actually managed to see incredible gains following what seems like bad news.
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Despite its recent gains, Wolfspeed stock is actually down roughly 98% over the last five years.A $10,000 investment in the stock made five years ago would now only be worth approximately $194. Read on for a closer look at the factors that have driven the company's dramatic valuation contraction and the key factors that will shape forward performance.
Source Fool.com
