Wolfspeed, Inc. (WOLF)

Wolfspeed (WOLF) stock has seen some major changes in the last couple of days. Some investors were jumping for joy when they saw reports that the stock had jumped more than 1,600% yesterday, only to find that when they checked their portfolios, they were down -- a lot.

Shares of Wolfspeed (WOLF -14.25%) are sinking on Wednesday, down 12.1% as of 1:35 p.m. E.T. The drop comes as the S&P 500 and Nasdaq Composite have both gained modestly.

Silicon carbide semiconductor solutions provider Wolfspeed has emerged from bankruptcy, with an improved balance sheet and lower debt service obligations. In accordance with the plan of reorganization, the company's common equity was cancelled. However, legacy equity holders received a small amount of new common shares. Following an initial selloff on Monday, amid investor confusion, shares managed to stage a major recovery rally on Tuesday.

Wolfspeed, Inc. has completed a major restructuring, issuing new shares at a steep exchange ratio and reincorporating in Delaware to streamline future changes. WOLF's rollout of 200mm silicon carbide wafers positions it for growth in EVs, renewables, and data centers, despite ongoing financial strain and heavy debt. The new share structure creates a lean equity base, making WOLF appear deeply undervalued on a price-to-sales basis, but high financial risk remains.

An eye-watering run higher from chipmaker Wolfspeed (WOLF) captured market attention as the company undergoes an extensive restructuring. George Tsilis talks about the exit from Chapter 11 bankruptcy that started the rally.

Shares of Wolfspeed (WOLF 43.66%) ripped higher today after the silicon carbide power-chip maker completed its court-supervised restructuring and emerged from Chapter 11 protection. The rally reflects relief that the balance sheet is now delevered and that the company can refocus on core silicon carbide capacity and key customers.

Wolfspeed Inc (NYSE: WOLF) has non-savvy investors scratching their heads this morning as its share price soared from $1.21 at market close on Friday to well over $20 at the start of this week.

Wolfspeed Inc (NYSE:WOLF) shares surged 29% to $28.50 in early trading on Tuesday after the chipmaker successfully exited from Chapter 11 bankruptcy with a much-reduced debt load.  Wolfspeed announced on Monday it had achieved its goal of reducing overall company debt by about 70%.

Wolfspeed (WOLF) surged to the upside after avoiding Chapter 11 bankruptcy. Diane King Hall talks about the stock's volatile history and how A.I.

Wolfspeed stock kicked off Tuesday with a 35% uptick in pre-market trades after Monday's eye-popping rally. The company just wrapped up a tough Chapter 11 bankruptcy, slashing its massive debt and hitting the reset button on its finances.

In a year packed with AI mania, biotech moonshots and crypto comebacks, one trade has stunned them all: Wolfspeed Inc (NYSE:WOLF) stock's 1,700% explosion on Monday. The semiconductor firm, fresh out of Chapter 11 restructuring, didn't just rally—it exploded.

Wolfspeed shares surged more than 25% before the bell on Tuesday, after the chipmaker successfully emerged from Chapter 11 bankruptcy with a substantially reduced debt load.

The company said it believes it has “ample liquidity” to continue supplying customers with its silicon carbide chips.

U.S. stock futures fell on Tuesday following Monday's advances. Futures of major benchmark indices were lower.

Chipmaker Wolfspeed said on Monday it has exited Chapter 11 bankruptcy after cutting its total debt by nearly 70% and lowering annual cash interest expense by roughly 60%.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that in connection with its emergence from the Chapter 11 process, it has appointed Anthony M. Abate, Mike Bokan, Eric Musser, Hong Q. Hou, and, pending certain regulatory approvals, Aris Bolisay, to its Board of Directors (the “Board”). Anthony M. Abate will succeed Tom Werner as Chairman of the Board. The new Board members will join current Board members, Mark Jensen a.