Why Is Wolfspeed Stock Soaring Today?
Source: Motley Fool
2025-10-08 14:25:00 ET
Shares of Wolfspeed (NYSE: WOLF) are jumping on Wednesday, up 11.1% as of 2:04 p.m. E.T. The spike comes as the S&P 500 and Nasdaq Composite gained 0.5% and 0.9%, respectively.
The embattled chipmaker exited Chapter 11 protection after successfully negotiating a plan with its creditors to reduce its suffocating debt load significantly. While this allowed the company to survive, it also meant existing shareholders were massively diluted .
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Wolfspeed Inc. New
NASDAQ: WOLF
WOLF Trading
-9.72% G/L:
$61.74 Last:
5,329,189 Volume:
$62.80 Open:
WOLF Latest News
WOLF Stock Data
$712,401,112
19,388,132
8.94%
5
N/A
Semiconductors and Equipment
Technology
US
Durham
