27-Mar-2024
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Business Wire (Tue, 26-Mar 5:41 PM ET)
PRNewswire (Mon, 4-Mar 12:47 PM ET)
Wolfspeed To Participate in Upcoming Investor Conference
Business Wire (Fri, 1-Mar 8:00 AM ET)
Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2024
Business Wire (Wed, 31-Jan 4:05 PM ET)
Business Wire (Wed, 31-Jan 8:00 AM ET)
Business Wire (Tue, 23-Jan 5:00 AM ET)
Wolfspeed, Inc. Announces Date of Fiscal Second Quarter Earnings Call for January 31st, 2024
Business Wire (Fri, 19-Jan 9:12 AM ET)
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.
Wolfspeed trades on the NYSE stock market under the symbol WOLF.
As of March 27, 2024, WOLF stock price climbed to $28.58 with 3,172,499 million shares trading.
WOLF has a beta of 2.71, meaning it tends to be more sensitive to market movements. WOLF has a correlation of 0.17 to the broad based SPY ETF.
WOLF has a market cap of $3.58 billion. This is considered a Mid Cap stock.
Last quarter Wolfspeed reported $208 million in Revenue and -$.55 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.11.
The top ETF exchange traded funds that WOLF belongs to (by Net Assets): IJH, VTI, VB, VXF, SOXX.
WOLF has underperformed the market in the last year with a price return of -53.4% while the SPY ETF gained +33.9%. WOLF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -39.0% and -1.3%, respectively, while the SPY returned +10.3% and +1.5%, respectively.
WOLF support price is $25.71 and resistance is $28.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WOLF stock will trade within this expected range on the day.