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Is Wolfspeed Stock a Buy Now?

TheMotleyFool

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A lot can happen in a year. Just look at semiconductor specialist (NYSE: WOLF). Last December, its stock reached a 52-week high of $47.43. Last month, the shares hit a low of $6.10.

During this past year, as part of a strategic shift, the company divested itself of its radio-frequency (RF) devices business. Also, its CEO exited the company. Those were just some of the changes that affected the beleaguered stock.

As of Dec. 13, Wolfspeed shares were down by more than 80% in 2024. Does this mean it's a stock to avoid, or might now be the time to buy?

Source Fool.com