WOLF241122P12000
- 5.10
- +1.73+51.34%
Wolfspeed Newsroom
U.S. stocks closed | The three major indexes showed mixed results, with the Nasdaq up more than 1%, nvidia rising nearly 5% ahead of its earnings report; bitcoin hitting a new high led to a strong performance in cryptos concept stocks, with microstrategy
The escalation of the Russia-Ukraine conflict temporarily drove up the dollar, yen, Swiss franc, gold and other safe-haven assets, while bitcoin first broke through 0.094 million dollars. Two days before the earnings report, nvidia rose by 4.9%, super micro computer surged over 31%, the index of Chinese concepts fell by 0.8%, Xiaopeng autos dropped nearly 4%, and weibo gained over 6%.
10 Information Technology Stocks Whale Activity In Today's Session
US stock market anomaly | Wolfspeed falls 5.7%, the board of directors announces the removal of the CEO.
On November 19, GC Group reported that chip manufacturer Wolfspeed (WOLF.US) fell by 5.7%, trading at $6.62. In terms of news, Wolfspeed announced that the board of directors has dismissed Gregg Lowe from his position as CEO due to the increasing challenges presented by slowing demand for electric autos. The company, headquartered in Durham, North Carolina, is facing production issues and has announced plans to close its factory. Additionally, the company has been struggling with a slowdown in orders from the industrial and energy terminal markets. (GC Group)
Wolfspeed Is Maintained at Underperform by Mizuho
Wolfspeed Analyst Ratings
Express News | Wolfspeed Inc : Mizuho Cuts Target Price to $6 From $10
Mizuho Securities Maintains Wolfspeed(WOLF.US) With Sell Rating
Wolfspeed Faces Leadership Uncertainty and Market Pressures Amidst Competitive and Policy Challenges
Slowing electric autos sales affecting growth. Wolfspeed announces dismissal of CEO.
Gelonghui on November 19th | Chip manufacturer Wolfspeed stated on Monday that, under the increasingly severe challenges brought by the slowdown in demand for electric autos, the board of directors of the company unreasonably terminated Gregg Lowe's position as CEO. The company, headquartered in Durham, North Carolina, is facing production issues and has announced the closure of factories. In addition, the company has been struggling to cope with the slowdown in orders from industrial and energy end markets. So far this year, Wolfspeed's stock price has dropped by approximately 85%, significantly underperforming the S&P 500 index and PHLX Semiconductor Index. The company uses
U.S. stocks closed | The three major indexes showed mixed performance, with the Nasdaq ending its four-day losing streak; the "Trump trade" hype continues, with Tesla rising over 5%, and DJT surging 16%.
Small cap stocks turned higher in late trading, with the chip index also rising over 1%. Nvidia cut its earlier 3.4% decline in half, Tesla surged 8.7% at one point, Ehang rose nearly 10% before reversing to a 7% decline, Xiaomi Group's ADR rose nearly 6%, and Bakkt, which is in talks with Trump media for acquisition, surged over 160% before being halted temporarily. Oklo, backed by Altman, surged 23% at one point, leading the nuclear power stocks.
Sector Update: Tech Stocks Steady Premarket Monday
Express News | Wolfspeed Inc: Lowe Decided to Forego Receipt of Lump Sum Payment Equal to 1.5 Times His Target Bonus for Fiscal 2025
Express News | Wolfspeed Inc - Board Terminates Gregg Lowe Without Cause
Wolfspeed CEO Gregg Lowe Steps Down; Board Chairman Thomas Werner Takes Interim Leadership Role
Express News | Wolfspeed Announces Leadership Transition
Roth MKM Lowers Wolfspeed, Inc. (WOLF) Price Target to $20 Amid Restructuring and Job Cuts, Maintains Buy Rating
Wolfspeed, Inc. (WOLF) Price Target Lowered to $10 by TD Cowen Amid Weak Sales and EV Sector Challenges
Express News | Wolfspeed Outlook Q2 Revenue USD 194.7 Million
Looking Into Wolfspeed's Recent Short Interest
Wolfspeed First Quarter 2025 Earnings: Misses Expectations