(NYSE: WOLF) stock is falling rapidly in Friday's trading. The company's share price was down 10.4% as of 2:15 p.m. ET despite the S 500 being up 0.3% and the Nasdaq Composite being up 0.4%.

Wolfspeed's valuation is contracting today in conjunction with meme stock trading. Despite today's share price slide, the stock is still up roughly 68% over the last month of trading.

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Source Fool.com