Trade of the Day: Wolfspeed (WOLF) Stock Could Get Squeezed Higher
WOLFWolfspeed(WOLF) InvestorPlace·2024-04-10 20:18

Swing traders looking to grab a quick profit should turn their eyes toward semiconductor specialist Wolfspeed (NYSE:WOLF). Offering silicon carbide and other critical materials necessary to produce components for the radio frequency and power industries, WOLF stock essentially represents a stagehand investment: It’s not the headline act, but it keeps the show running. However, Wolfspeed is financially volatile. For example, in the second quarter of 2023, the company posted a loss per share of 42 cents. That ...