Why Wolfspeed Rallied Again Today
WOLFWolfspeed(WOLF) The Motley Fool·2024-11-26 03:45

The beaten-down chipmaker saw more insider buying and a potential lift from California's governor.Shares of Wolfspeed (WOLF 17.00%) were rocketing higher today, up 15.1% as of 2:26 p.m. ET.The big move higher follows a massive 31% move on Friday, continuing a vicious bounce off of the company's recent lows. Still, Wolfspeed's stock was down over 80% on the year entering the day, showing just how far this once-highly touted chip stock had fallen.Still, today saw more good news, with another insider disclosin ...