Why Did Wolfspeed Stock (WOLF) Skyrocket 86.4% This Week?
Source: Motley Fool
2025-09-12 17:57:38 ET
Shares of Wolfspeed (NYSE: WOLF) skyrocketed this week, finishing up 86.4%. The rise comes as the S&P 500 and Nasdaq-100 gained 1.6% and 1.9%, respectively.
The embattled chipmaker's stock jumped this week after the company announced that its reorganization plan received bankruptcy court approval.
Wolfspeed announced early in the week that it plans to exit Chapter 11 protection "in the next several weeks." The court approval paves the way for Wolfspeed to slash its debt burden by a massive 70%.
Wolfspeed Inc. New
NASDAQ: WOLF
WOLF Trading
-6.43% G/L:
$63.99 Last:
7,085,500 Volume:
$62.80 Open:
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WOLF Stock Data
$712,401,112
19,388,132
8.94%
5
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Semiconductors and Equipment
Technology
US
Durham
