Wolfspeed (NYSE: WOLF) shares ended the last trading session 20.8% higher at $11.48. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18% gain over the past four weeks.
Wolfspeed is benefiting from its transformation into a pure-play silicon carbide provider through portfolio optimization initiatives that concluded with the sale of its RF business.
This maker of energy-efficient lighting is expected to post quarterly loss of $0.95 per share in its upcoming report, which ...
